Is Beer Afraid of Weed?
The word on the street is that the beer manufacturers are keeping a watchful eye on what is happening in the world of retail cannabis, mostly because they fear that an eruption of legalization efforts across the United States (like what it is predicted to happen in 2016) may turn the American beer drinker into a loyal stoner and eat away at the profits of its over $100 billion marketplace.
Although it may seem the cannabis industry has a long way to go before it is pulling down the kind of revenue comparable to the national brew houses, some of the latest statistics show that the business of marijuana is really not far from casting a shadow on brewers like Anheuser-Busch InBev and SABMiller, and this with only a handful of states allowing recreational pot sales.
A new ArcView Market Research report finds that legal cannabis sales are expected to...
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