Legal marijuana has become a buzzkill for breweries
Legal weed in the U.S. is impacting beer sales, according to a report.
Marijuana legalization is proving to be a downer for breweries in Colorado, Oregon and Washington.
A new report is revealing that markets in the three western U.S. states have moved away from tippling to toking.
Sales volumes have fallen by more than 2%, Cowan and Company said in the report, adding that even craft breweries’ sales have gone skunky.
Economy beer volumes for mainstream producers have fallen 2.4%. Premium brands like Coors Light and Bud Light are down 4.4%.
The report, quoted by the Daily Mail, says in Denver, the battle of the buzz is shifting faster to the bong from the beer bottle, with sales falling 6.4%.
Cowan’s managing director said the results are less surprising than a hangover after a night of boozing.
“While (weed) retail sales opened up in these markets at different points...
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