Arizona Iced Tea getting in the Cannabis Business

August 8, 2019

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The makers of your favorite 99 cents Iced tea is branching out into the world of cannabis. The plan is to branch into the cannabis gummy and drinks side of things, looking for new revunue streams after losing out on  American Tea marketchare.

Arizona Beverage Co. has reached a licensing deal with Dixie Brands Inc., a Denver-based cannabis company that makes and sells weed vaporizers, candies, drinks, tinctures and topical creams in five U.S. states. Under the agreement, Dixie will manufacture the products and sell them through licensed dispensaries. The deal, which is subject to approval by Dixie’s board, also gives Arizona the right to buy a stake of up to $10 million in the cannabis company.