skip to Main Content
Beer Sales Are Down in States With Legal Weed

In states that have legalized recreational marijuana, more people are looking to take a bong hit than sip on a hoppy brew.

Research firm Cowen & Company analyzed the state of the beer industry in Colorado, Oregon and Washington—states where both recreational weed is legal and craft beer has become popular. In those states, beer markets have “collectively underperformed” over the last two years, trailing behind beer sales around the country, industry website Brewbound reported.

“With all three of these states now having fully implemented a [marijuana] retail infrastructure, the underperformance of beer in these markets has worsened over the course of 2016,” the researchers wrote.

Domestic brewers like Anheuser Busch-InBev and MillerCoors have seen the largest drops. Sales volume of premium brews like Coors Light and Bud Light dipped by 4.4%, while economy brews—the regular forms of mainstream beers like Budweiser or Coors—dipped by 2.4%. [Read more at TIME]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Virginia governor vetoes marijuana market bill

A push to establish a legal marijuana market in Virginia is officially dead after Republican Gov. Glenn Youngkin vetoed legislation on Thursday. Virginia has allowed adults over 21 to possess and cultivate…

CDTFA Cannabis Creditor: Myths and Truths

By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of…

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

More Categories

Back To Top
×Close search
Search