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The Company Behind Corona Beer Just Bought Into the Marijuana Business

The $42 billion company behind Corona, Modelo, and Svedka is betting on marijuana’s national legalization.

Constellation Brands stz-b announced Monday that it had agreed to take a 9.9% minority stake in the $2 billion Canadian medical marijuana company Canopy Growth.

The stake is worth about $191 million, though Constellation will have the option of purchasing additional stakes in the future.

Using Canopy’s expertise, Constellation is attempting to create cannabis-infused drinks, the Wall Street Journal reported after an interview with Constellation’s CEO.

Read More at Fortune.com

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