In an effort to better understand the non-alcoholic beverage space, Craft Beer Alliance has ramped up its innovation efforts and has begun looking beyond beer for possible future growth opportunities.

U.S. consumers looking to catch a buzz without the booze will soon be able to purchase an assortment of beer-centric products thanks to a pair of ventures aiming to disrupt the current alcohol market with cannabis-infused beverages.

California-based Clearly Kombucha has been acquired by Molson Coors for an undisclosed fee, marking the multinational brewing company’s first purchase of a non-alcoholic beverage brand.

Michael Taylor, the vice president of non-alcohol at Anheuser-Busch who oversaw the acquisition of the Hiball and Alta Palla brands last year, has left the company to join Green Flash Brewing as CEO.

Brynwood Partners, a Connecticut-based private equity firm with existing investments in a variety of food and beverage companies, yesterday announced that Cold Spring Brewing had purchased Carolina Beverage Group.

First Beverage Group, one of the top dealmaking firms in the beverage industry, today announced that it has spun off its investment banking division and merged the unit with Seattle-based Cascadia Capital’s consumer and retail team.

Dave Burwick, the CEO of Peet’s Coffee & Tea, Inc., has departed the Bay Area-based specialty coffee maker to take the helm at Boston Beer, the producer of Samuel Adams.

Columbia Distributing, one of the largest beverage wholesalers in the U.S., will acquire Oregon City’s General Distributors for an undisclosed sum, according to the companies.

The New York-based company, which makes and markets a variety of beer, wine and spirits products, today confirmed plans to become the first major alcohol manufacturer to formally expand into the marijuana business via the purchase of a 9.9 percent stake in Canada’s Canopy Growth Corporation (WEED).

Hoping to emulate the early success of his San Diego-based beer company Saint Archer Brewing, which was purchased by MillerCoors last September, entrepreneur Josh Landan is doubling down on the beverage business.

The division of labor for the joint venture will see Starbucks “contribute Teavana’s tea expertise, industry-leading retail activation, and consumer engagement capabilities,” while Anheuser-Busch “leads production, bottling and distribution to retailers nationwide,” the companies revealed via press release.