skip to Main Content
Arizona Tea maker enters the cannabis market

Marijuana products will soon hit the masses, as the maker of Arizona Tea enters the cannabis market, starting with vape pens and THC-infused gummies.

Privately held Arizona Beverage announced Tuesday that it reached a licensing deal with Dixie Brands, which makes and sells drinks, chocolates, gummies and topical creams that are laced with marijuana. Through the partnership, Dixie, which operates in six U.S. states, will manufacture and distribute products branded with Arizona’s name. The products will be sold through licensed dispensaries.

The deal also gives Arizona the right to buy a stake of up to $10 million in the cannabis company.

Arizona Beverage’s namesake iced teas are a staple at convenience stores and supermarkets around the country, including 7/11s, Walmarts, and Walgreens, which might indicate marijuana products are edging closer to the mainstream. The agreement is one of the first examples of a major consumer company entering the cannabis market.

“The cannabis market is an important emerging category, and we’ve maintained our independence as a private business to be positioned to lead and seize generation-defining opportunities exactly like this one,” said Don Vultaggio, chairman of Arizona Beverages in a press release. [Read more at CNBC]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Virginia governor vetoes marijuana market bill

A push to establish a legal marijuana market in Virginia is officially dead after Republican Gov. Glenn Youngkin vetoed legislation on Thursday. Virginia has allowed adults over 21 to possess and cultivate…

CDTFA Cannabis Creditor: Myths and Truths

By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of…

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

More Categories

Back To Top
×Close search
Search