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(Reuters) - Coca-Cola Co (KO.N) is closely watching the fast-growing marijuana drinks market for a possible entry that would expand the world’s largest soft drink maker’s ambitions further away from sugary sodas. Coca-Cola announced its interest in a statement on Monday, responding to a report from BNN Bloomberg that said it was in talks with Canada’s Aurora Cannabis Inc (ACB.TO) to develop drinks infused with cannabidiol (CBD), the non-psychoactive chemical found in marijuana.

Coke would join a rush by major alcohol makers and a cigarette company to test the cannabis market and find partners ahead of the Oct, 17 launch of legal recreational marijuana in Canada, Coke and Aurora, in separate statements, each said they were interested in cannabidiol-infused beverages but would not comment on any specifics or talks, Aurora’s stock soared 17 percent, while Coke’s edged up slightly, The CBD drinks would likely aim to ease inflammation, pain israeli telephone token cufflinks and cramping, the BNN report said here&_gucid=&_gup=twitter&_gsc=gQCuZEQ..

Wells Fargo analyst Bonnie Herzog called the news “an exciting potential development” as it would take Coke into another fast-growing healthier segment following last month’s $5.1 billion deal for Costa Coffee and expand cannabis-infused drinks in the area of functional wellness products. The CBD products likely would be different from those produced by alcohol makers, which would likely give drinkers a buzz from tetrahydrocannabinol (THC), the main psychoactive chemical in marijuana.

Beer makers Constellation Brands (STZ.N), Molson Coors (TAP.N) and Heineken (HEIN.AS) are all playing in the market for cannabis products, For example, Heineken’s craft beer Lagunitas recently launched Hi-Fi Hops, a beer-flavored sparkling water with THC and CBD, “The THC beverages probably sit better with the beer makers, and maybe CBD fits better with Coke, in terms of playing off the health trend,” said Liberum analyst Nico von Stackelberg, Cowen analyst Vivien Azer cited growing consumer interest in CBD and said its properties lend the ingredient well to a sports recovery drink, She said she israeli telephone token cufflinks would not be surprised to hear of a similar deal by PepsiCo for its Gatorade drink, Pepsi did not immediately respond to a request for comment on the cannabis market..

Besides Aurora, she said cannabis companies Tilray (TLRY.O) and Aphria APH.TO were likely targets for partnerships with big consumer companies looking to get into the market. Canada is the first major economy to legalize recreational marijuana, and shares in cannabis producers have rallied in anticipation. New Cannabis Ventures' global cannabis stock index has risen about 87 percent over the past year. here. Several U.S. states have legalized marijuana but it remains against federal law. Sales in U.S. legal markets should nearly triple to $16 billion by 2020 from $5.4 billion in 2015, according to market research firm Euromonitor International, and Constellation says cannabis globally could be worth $200 billion in 15 years.

“Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world,” Coke said in israeli telephone token cufflinks its statement on Monday, Cannabidiol is one of hundreds of molecules found in marijuana plants, and contains less than 0.1 percent of THC, It does not cause intoxication, There are already CBD drinks available in some markets, made by brands such as Dirty Lemon, Sprig and Kickback, Moving into this area carries little reputational risk for Coke, said Liberum’s von Stackelberg..

DUBLIN (Reuters) - Ireland has fully recovered 13.1 billion euros in disputed taxes from Apple Inc (AAPL.O) plus interest of 1.2 billion which it will hold in an escrow fund pending its appeal against an EU tax ruling, Ireland’s finance minister said on Tuesday. The European Commission ruled in August 2016 that Apple had received unfair tax incentives. Both Apple and Dublin are appealing against the original ruling, saying the iPhone maker’s tax treatment was in line with Irish and European Union law.

While the 14.3 billion euros would be enough to fund the country’s health service for a year, the government says it has never given any company a special deal and that the appeal is important to preserve Ireland’s attractiveness for investment, “While the government fundamentally disagrees with the Commission’s analysis and israeli telephone token cufflinks is seeking an annulment of that decision, as committed members of the European Union, we have always confirmed that we would recover the alleged State aid,” Paschal Donohoe said in a statement..

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