Another major player has entered the cannabis industry. Unlike corporate giants Constellation Brands and Heineken, however, this project is the brain child of a beverage magnate, not the brand itself.
Announced on September 13th by Anheuser Busch heir, Adolphus A. Busch V, the ABV Cannabis Co. has opened for business.
Based out of Denver, Colorado, this company makes C02 extracted cannabis oil and sells it preloaded into disposable vape pens.
ABV Cannabis CO Vape Pen
The following statement was released on the company's website:
"My name is Adolphus A. Busch V, and I come from a long line of entrepreneurs whose products have all had one thing in common: QUALITY. Additionally, my upbringing instilled in me a deep passion for the outdoors as well as health and fitness.
My inherited trait of attention to detail combined with my own personal goal of living a healthy and active life has driven me to create a line of clean products, with unmatched quality, using the best and most sustainable growing practices. That line of products is ABV Cannabis Co."
Each vaporizer pen comes filled with 300mg of THC, the most common psychoactive compound found in cannabis.
The C02 extract is infused with strain specific, cannabis derived terpenes to give it flavor and is attached to a 320mAh battery.
ABV Cannabis Co. products can be found at select retailers in Colorado. The company hopes to expand its business in multiple states in the future.
According to reports, the first and only investor in ABV Cannabis Co, was Busch V's father, who made a $100,000 initial investment.