October 2, 2018 / 1:21 PM / 2 months ago

BUZZ-PepsiCo says no current plans for cannabis-based products, weed stocks slide

** PepsiCo Inc, in contrast to its larger rival Coca-Cola Co, says it has no plan to do anything with cannabis-based products

** Last month, KO said it was 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

** Shares of all marijuana stocks declined: Tilray down 5 pct, New Age Beverages Corp down 10 pct, Canopy Growth and Cronos Group ~1 pct

** Shares in cannabis producers have rallied in the past few weeks in anticipation of Canada legalizing recreational marijuana in October (Reporting by Ankur Banerjee in Bengaluru)

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