Hong Kong (CNN Business) Could Budweiser drinkers soon be swapping beer for pot?

AB InBev ( BUD ), the world's biggest brewer, said Wednesday that it's teaming up with Canada's Tilray ( TLRY ) to research cannabis-infused drinks.

It's the latest major company to start exploring the pot market following decisions to legalize recreational marijuana in Canada and a number of American states . AB InBev and Tilray will invest a combined $100 million into researching non-alcoholic drinks containing cannabis elements.

"We intend to develop a deeper understanding ... that will guide future decisions about potential commercial opportunities," Kyle Norrington, president of AB InBev's Canadian subsidiary Labatt Breweries, said in a statement.

For now, AB InBev is only looking at using cannabis ingredients in Canada. The company, whose top brands include Bud Light and Stella Artois, will make a decision on whether the pot products are commercially viable at a later date.

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