(Reuters) - Canadian pot producer Canopy Growth Corp
A non-psychoactive compound derived mainly from the hemp plant, CBD is being researched for various medical applications and has found increased use as a relaxative.
Canopy said its "Quatreau" line of sparkling waters comes in two variants — one with only CBD and another with a limited amount of tetrahydrocannabinol (THC), the cannabinoid which causes a high.
A study https://www.grandviewresearch.com/industry-analysis/cannabis-beverages-market by analytics firm Grand View Research in January estimated the global cannabis beverage market could reach over $2.8 billion by 2025.
The pot producer, backed by Corona beer-maker Constellation Brands Inc
Canopy in October announced plans to launch its THC beverages in the United States next summer. The company claims to control over 70% of the THC beverage market share in Canada.
Its chief executive David Klein, a Constellation veteran, told investors in August Canopy expected to double its drinks output for that month after having already doubled it the previous month.
(Reporting by Shariq Khan in Bengaluru; Editing by Ramakrishnan M.)