Coca-Cola denies plans to make marijuana-infused drinks

Coca-Cola in Talks to Make Marijuana-Infused Soft Drink

Coca-Cola looking at cannabis-infused drinks

"Several sources have told me that Coca-Cola is in serious talks with Aurora Cannabis and the talks revolve around CBD drinks", said journalist David George-Cosh to BNN Bloomberg, who broke the story.

Cannabidiol is a non-psychoactive ingredient in marijuana that treats pain but does not get one high.

"Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world", Coke said in its statement on Monday.

Beer giant Molson Coors announced on 1 August it was teaming up with Canadian medical marijuana grower The Hydropothecary Corporation to develop cannabis-infused non-alcoholic beverages.

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Reports from Bloomberg indicate that Atlanta-based Coca-Cola may be looking at getting into cannabis-based beverages, but the beverage giant denied those reports in a statement released Monday.

The drink would be infused with Cannabidiol, a constituent of cannabis, which can help ease inflammation, pain and cramping, but has no psychoactive effect.

On a potential Coca-Cola deal, Booth says, "Coca-Cola would be a great partner but we can't comment on speculation as of this time".

Canada is the first major economy to legalize recreational marijuana, and shares in cannabis producers have rallied in anticipation.

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Cowen analyst Vivien Azer cited growing consumer interest in CBD and said its properties lend the ingredient well to a sports recovery drink.

Shares of the company, Aurora Cannabis Inc., closed up almost 17 percent on the Toronto Stock Exchange after the report.

It says it hasn't made any decisions about using it in coke products.

Spokespeople for the companies declined to comment on the report but acknowledged their interest in that segment of the cannabis market.

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"The company does confirm that it engages in exploratory discussions with industry participants from time to time".

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