In this photo illustration, bottles of Modelo Especial beer sit on a table on June 14, 2023 in Los Angeles, California.Mario Tama | Getty ImagesConstellation Brands on Thursday reported earnings and revenue that topped analysts' expectations for its fiscal second quarter of 2024.The Mexican beer powerhouse, owner of the Modelo Especial...
Cannabis producer Tilray Brands on Wednesday reported a jump in revenue as it diversifies its portfolio and moves deeper into the beer industry.The company reported $177 million in net revenue, up 15% year-over-year, for its fiscal first-quarter. Its cannabis division brought in $70 million in net revenue, reflecting a 20%...
Senator Jeff Merkley, a Democrat from Oregon, speaks during a news conference at the U.S. Capitol in Washington, D.C., on Jan. 25, 2020.Zach Gibson | Bloomberg | Getty ImagesA new bill that aims to give the marijuana industry access to banking services is expected to move forward in the...
Budweiser Clydesdales handler walks several Clydesdales poor to bathing the horses at Houston Polo Club before this weeks Clydesdale appearances Monday, March 31, 2014, in Houston.James Nielsen | Houston Chronicle via Getty ImagesAnheuser-Busch InBev said it will no longer cut the tails of the iconic Clydesdale horses used in...
A Vectura Group logo is seen on a smartphone and a PC screen.Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesPhilip Morris International is considering selling off a stake in its largest pharmaceuticals unit.The tobacco company, which makes Marlboro cigarettes, made inroads into the health care and wellness...
A pedestrian passes a smoke shop in New York City on June 16, 2023. New York authorities are cracking down on unlicensed smoke shops that are selling cannabis.Spencer Platt | Getty Images News | Getty ImagesNew York officials are ramping up efforts to stop the statewide proliferation of unlicensed...
A woman walks by a smoke shop in New York City that displays a marijuana leaf in the window, June 16, 2023.Spencer Platt | Getty Images News | Getty ImagesCoss Marte's marijuana dispensary in lower Manhattan has already cost him over $1 million, and it's not even open yet.He...
An employee of Aurora Deutschland GmbH, a manufacturer of medical Cannabis products, inspects a flowering Cannabis plant in a greenhouse in Leuna, Germany September 11, 2023. Lisi Niesner | ReutersMarijuana-related ETFs are soaring in September as investors flood back into the sector after months of waning interest.The upswing in the...
British American Tobacco has finalized its exit from Russia about 18 months after it pledged to do so in the wake of Moscow's invasion of Ukraine.The multinational cigarette maker said in a statement Thursday it agreed "to sell its Russian and Belarusian businesses in compliance with local and international laws."Financial...
Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023.Tiffany Hagler-Geard | Bloomberg | Getty ImagesRoku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses.In a regulatory filing Wednesday, the company said the cost-cutting measures aim to...