(RTTNews) – Canadian cannabis company Canopy Growth Corp. and New York-based Acreage Holdings, Inc. said they plan to launch Canopy Growth’s cannabis-infused beverage portfolio in the U.S. next summer.
Acreage expects to launch Canopy Growth’s select, sessionable THC beverage formulations in the summer of 2021 in legal adult-use markets in Illinois and California. In addition to selling the products in its own dispensaries, Acreage said it will access existing distribution channels through strategic corporate relationships.
Tetrahydrocannabinol or THC is a psychoactive compound in marijuana that induces the ‘high’ and hallucinogenic effect in the user.
The move to launch the products in the U.S. market comes after the two companies announced the implementation of their amended arrangement and also as Canopy Growth has been encouraged by the sale of its cannabis-infused beverages in Canada.
“We have had an incredibly successful introduction into the Canadian cannabis-infused beverage industry with over 1.7 million