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

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

CEO James Quincey said the company "doesn't have any plans at this stage" to enter the CBD market.

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October 31, 2018

New York (CNN Business)Coca-Cola last month teased the possibility it could get into the cannabis business. But the beverage maker now says it's 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.

 

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.

 

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