Constellation betting big on marijuana legalization – News – Wayne PostPosted by On

The Victor-based company has extended its option for a bigger stake in a Canada-based marijuana company

VICTOR — One of the area’s largest employers is making moves in the marijuana business.

Late last year, Constellation Brands invested billions in a Canada-based marijuana company and now it wants to make sure it gets first dibs to take a bigger stake in it as that company grows.

Last fall, News 10NBC traveled to Canopy Growth in Ontario, Canada, to tour the facility. Canopy had just received a $4 billion investment from Victor-based Constellation Brands. CEO Bruce Linton said he and Constellation Brands Chairman Rob Sands have big plans.

“He was the only person that we encountered who was in the consumer package good category of alcohol who said maybe we should be in the cannabis space,” Linton said. “Everybody else globally said maybe cannabis space should be put into a…

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