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Coca-Cola CEO Says Company Has No Plans For Cannabis Drinks

Coca-Cola last month teased the possibility

Coca-Cola last month teased the possibility it could get into the cannabis business. But the beverage maker now says its not interested in pot. CEO James Quincey said the company “doesn’t have any plans at this stage” to enter the CBD market, during an earnings conference call with analysts Tuesday. CBD is a non-psychoactive component of marijuana.

Quincey’s comments came in response to a question from Cowen & Co. analyst Vivien Azer, who asked about rumors that Coca-Cola (KO) was looking at the CBD category.
Coke said in September that it was “closely watching” the growth of CBD as a possible ingredient for so-called wellness beverages. At the same time rumors swirled that Coke was considering an investment in Canadian cannabis company Aurora (ACB). It looks like Coke decided to pass.
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