AriZona Beverage Co., the maker of “AriZona Iced Tea,” has announced that it has entered into a licensing deal with the Colorado-based cannabis company Dixie Brands, who is known for its marijuana-infused edibles, topicals and beverages.
The new products will use AriZona Beverage’s branding and, eventually, be sold in licensed dispensaries, CNBC reported. Dixie currently operates in 6 marijuana-legal states. The brands haven’t said when products will be available.
AriZona Beverages will have the option to purchase a stake up to $10 million in Dixie Brands.
AriZona Beverage’s Don Vultaggio said, “The cannabis market is an important emerging category, and we’ve maintained our independence as a private business to be positioned to lead and seize generation-defining opportunities exactly like this one.”
Photo: AriZona Iced Tea @DrinkAriZona