For those who don't know, cannabidiol, or CBD, is derived from marijuana. However, it doesn't contain THC--also known as the ingredient in cannabis that gets you high.
He discussed New Age's recent acquisition and why he believes that CBD is one of the next frontiers for beverage companies.
Earlier this year, Jim Cramer sat down with Bruce Linton, CEO of Canopy Growth (CGC) - Get Report , and Bill Newlands, COO of Constellation Brands (STZ) - Get Report , to discuss why the companies have teamed up to create cannabis-infused beverages. Watch the full interview here.