Molson Coors Wary of “Adrenaline Rush” Over Cannabis

Dear Client:Perhaps the most memorable line in yesterday's Molson Coors earnings call came from CEO Mark Hunter on his view of the budding marijuana industry.In light of Constellation's recent bet on a Canadian marijuana company, one analyst pressed about cannabis potentialities for Molson Coors. Chief Mark Hunter acknowledged that they are based in Colorado, where cannabis has been legalized, and that they they have a "team of people" working on monitoring "the whole legal landscape" as it continues to change.