Constellation Invests $191 Million in Marijuana

Constellation Brands is the first major alcohol company to make a play for the marijuana business with a minority investment in Canada-based Canopy Growth Corp, the world's largest publicly traded cannabis company, reports WSJ. The deal, for a 9.9% stake in Canopy Growth, is worth about $191 million. It is expected to close in November, and gives Constellation the option to increase its stake to almost 20%.Medical marijuana use is currently legal in Canada, and the country is expected to