Hemp Ban Clears Senate As Prohibition Prospects Grow
Hemp industry leaders and advocates are reeling this morning after a last ditch effort to remove language prohibiting virtually all THC beverages failed in Congress.
Hemp industry leaders and advocates are reeling this morning after a last ditch effort to remove language prohibiting virtually all THC beverages failed in Congress.
Hemp beverages could be sacrificed in a deal to reopen the federal government, as spending legislation moves through Congress that includes language effectively prohibiting intoxicating hemp-derived THC products.
Relaxation drink maker Trip has secured another $40 million in growth capital earmarked to fund U.S. expansion.
Monster Beverage Corp. continued to gain ground in Q3, and plans to use that momentum to release a slate of new innovation – including female-oriented brand FLRT – early next year.
Celsius powered to another quarter of revenue gains, but investors responded by selling off shares this morning amidst concern over potential distribution disruption as Alani Nu shifts to the Pepsi system.
Molson Coors continues to back its “beyond beer” push into non-alcoholic categories, though questions remain over the pace and balance of its portfolio after Tuesday’s Q3 earnings report.
Canadian beverage maker Cove Soda has closed on $15 million in new funding as it seeks to further fuel U.S. expansion. The round was led by growth equity fund Vanterra Ventures.
While industry organizations have been doing their own lobbying, over the past week several hemp THC beverage brands have jumped directly into the fray themselves with campaigns calling for supporters to pressure lawmakers to reject a proposal that would effectively outlaw intoxicating products.
Oatly achieved its first quarter of profitable growth since going public, reporting gains in revenue and volume, despite nearly suffering a 10% drop in North American sales.
Keurig Dr Pepper (KDP) announced $7 billion in new investment and offered nervous investors a confident appraisal of its much-scruitinized plan to separate its coffee and refreshment beverage businesses during a conference on Monday.
Having acquired a majority stake in Bloom last month, C4-maker Nutrabolt is now armed with two distinct, cross-category RTD brands, and is ready to nudge the throttle forward in 2026, as we heard last week at NACS.
BevNET's coverage from the National Association of Convenience Stores (NACS) trade show continues with a look at formulation and packaging changes from two major players in the hydration category.
Bar brand Barebells showed off its move into beverages with Protein Soda at last week's NACS show, as other brands also joined the fast-growing category.
The fast-growing coffee chain is launching an ambitious cross-format push into retail, enlisting supplier Trilliant to produce a full slate of innovation set to hit shelves in January.