For the first time in nearly 100 years, Alcohol has real competition. To discuss new opportunities for the drinks industry, BTN has launched its global trade show focused on the Cannabis business. 

Here are just some of the questions you need to ask?

• Is a strategy in place around where to play in the market and how to win?

• What does the entire value chain look like and where are the opportunities beyond production and sale?

• Are there opportunities for vertical or horizontal integration?

• How well do you understand the marketplace and the segment you are trying to attract?

• How will you differentiate?

• Are you sufficiently capitalized to execute on your strategy? Are there opportunities beyond the USA and Canada?

• How big is this opportunity for your province or region?

Cannabis Drinks Expo will offer 3 different conference rooms where you will learn all about the industry and how the drinks industry can leverage its current infrastructure to tap into the cannabis market. View the first lineup of speakers here. 

Understanding individuals’ motivation to consume was another important goal of the study, as a variety of reasons would likewise indicate a variety of commercial and branding opportunities.

This was, in fact, the case with people citing reasons, such as relaxation, stress reduction, social connection, and many others for consumption activities. Interestingly, there appears to be some overlap between certain motivations for recreational consumption and those usually associated with medical consumption, for example, to aid sleep or manage anxiety.

This raises the possibility of slowed future growth for the medical marijuana market if people discover they can manage certain medical conditions through recreational channels (though this would be further complicated if medical marijuana were subsidized – and hence made more preferable – as it is in Colorado).

Additionally, some of the motivators for recreational marijuana consumption – to have fun or help connect with others – could just as easily be associated with alcohol consumption. 

For the most part, the consumption of marijuana and alcohol are distinct activities. Taken together, these two findings suggest a potential for some current beverage alcohol consumers to migrate away from that category and toward marijuana when it becomes legal.

Indeed, recreational marijuana industry aspirants need only look to the beverage alcohol industry for marketing and branding parallels. Positioning a brand to align with various consumer needs and activities will be a strong strategic option.

Source: Deloitte

The study finds that the legalization of medical marijuana reduces alcohol consumption and that this evidence is consistent across different specifications and alcohol products. Counties in states legalizing the use of medical marijuana experience a significant decrease in the aggregate sales of alcohol, beer, and wine […] Read the full study

For those looking to enter this potential market on the ground floor, it’s important to put a strategic plan into place in advance. It’s equally important, however, to bolster action with the most current and accurate information available.

Sessions are planned to give you direct answers so you can plan your strategy for the Cannabis market.

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About Cannabis Drinks Expo

Cannabis Drinks Expo is a must-attend event for those curiously eying the future of the burgeoning U.S. cannabis industry.

We also cover the key issues surrounding the likelihood and timescale for legalization to other countries, as well as the impact of legalized cannabis on the traditional alcoholic and non-alcoholic drinks markets globally.

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Who should Visit?

Cannabis Drinks Expo promises to be relevant for anyone involved in the development, production, distribution and retailing of cannabis and related products. It will also provide a vital networking opportunity for political analysts, medical experts and those involved in the development and implementation of legalized cannabis into new markets.

Attend Cannabis Drinks Expo in preferred city

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Who should exhibit?

If you’re serious about the cannabis drinks category, we’re still keeping it as real as ever. At Cannabis Drinks Expo, our goal is to empower you with knowledge, network, and platform so you can grow and build your cannabis drinks business. CDE is where you will find cannabis brands and suppliers who are serious about building their business in this category exhibit.

Exhibit in preferred city

Potential exhibitors include (but not limited to): Medical marijuana producers, Cannabis growers, Cannabis producers/ product developers, Cannabis processors, Cannabis distributors/transporters, Wineries, Breweries, Distilleries, Branded drinks companies, Drinks manufacturers/producers, Pharma companies, Equipments and service providers, CBD manufacturers, Marijuana-Infused products and edibles providers, Testing and laboratory services, Logistics and supply chain operators, Drinks distributors/wholesalers, Drinks importers, Lobbyists/ public affairs businesses, Political advisors, and more.