Constellation Brands has increased its investment into cannabis related ventures with a $4 billion investment to expand their cannabis product line and reach. The investment will be used to create products such as edibles and medical cannabis for anxiety, insomnia, and pain. Constellation is a company that owns many alcoholic beverages like Corona, Modelo, and Svedka.
The company first made its interests in cannabis products known last year by investing $191 million into Canopy Growth. The investment into Canopy Growth aimed to create cannabis-infused beverages.
The company is currently creating a cannabis beer that contains tetrahydrocannabinol (THC) in Canada.