New York City (February 1, 2019) – As the legal cannabis market continues to gain steam across the country—with more and more states adopting adult use legislation—Shanken News Daily has launched a weekly newsletter dedicated to covering developments in the cannabis market for wine and spirits industry executives. Dispatched every Tuesday at 10:30 am, content will include interviews with key executives, sales trends and data, regulatory news, updates on mergers and acquisitions, and profiles of ascendant companies and brands within the North American cannabis industry.
The intersection between cannabis and the wine and spirits industry is pervasive, with companies making huge investments. Among them, Constellation has invested $4 billion in Canopy Growth Corp, Southern Glazer’s Wine & Spirits has partnered with Aphria in Canada, and Breakthru Beverage has aligned with CannTrust in Canada. Meanwhile, Ste. Michelle Wine Estates parent Altria has invested $1.8 billion in Cronos Group. According to a report by Arcview Market Research and BDS Analytics, global consumer spending on cannabis is expected to jump 38% to $16.9 billion this year.
“With so many of our readers either already investing in cannabis or getting ready to jump in, the time was right to educate and inform them of opportunities in this major growth market,” said Marvin R. Shanken, Founder, M. Shanken Communications. “There are now discussions underway in Washington, D.C. about legalizing cannabis sales in the U.S. at the federal level. One possibility is that cannabis will be sold and regulated through wine and spirits distributors and retailers.”
Shanken News Daily, Cannabis Edition, will be edited by David Fleming, Editorial Director, and Daniel Marsteller, Executive Editor.
About M. Shanken Communication, Inc.
Headquartered in New York, with an office in Napa Valley, M. Shanken Communications, Inc. publishes Wine Spectator, Cigar Aficionado, Whisky Advocate, Market Watch, Shanken News Daily and Shanken’s Impact Newsletter. Anchored by Wine Spectator magazine, a print publication that reaches around 3 million readers worldwide, the brand also encompasses the Web’s most comprehensive wine site (WineSpectator.com), mobile platforms and a series of signature events.
