As reported by BDS Analytics, consumer spending on cannabis-based foods and beverages reached an estimated $1 billion in 2017 in the U.S. and Canada—and is projected to grow to more than $4.1 billion in those countries by 2022.
For any beverage producer, water quality is a critical ingredient of the finished product. No one wants a product that’s off color, has a strange taste or contains sediment. Without crystal-clear water, a processor wouldn’t have a viable product.
The Boston Beer Company and Dogfish Head Brewery have signed a definitive merger agreement, bringing together two independent craft breweries and their founders and brewers, Jim Koch and Sam Calagione. The new entity will possess more than half a century or craft brewing experience, a balanced portfolio of leading and “beyond beer” brands at high-end price points, and industry leadership in innovation and quality.
When it comes to traditional food and beverage production, processors work to establish standardized processes and procedures that wouldn’t have to vary much if an ingredient, such as olive oil, was switched to a different supplier. Developing legal cannabis edibles and beverages, however, is a different story.