Marijuana Legalization Not Hurting Beer Sales
In fact, legal weed could be helping brewers sell more beer.
Although some believe the legalization of marijuana in a growing number of states is drastically cutting into the profits of the brewing industry, a new report finds this claim is mostly false.
According to market analysis firm Bernstein, the talk over legal weed crippling the American beer market is not exactly accurate. In fact, the report published last week suggests the legalization of medical marijuana is more than likely helping brewers sell more beer.
The market research, published under the title “Weekend Consumer Blast: Beer & Weed Revisited,” shows that while beer sales may diminish somewhat after a state launches a legal marijuana market, the two substances eventually come into their own, with beer sales making an increase within three years after legalization takes effect.
“At first sight, one would regard marijuana and alcohol in general as clear rivals and that...
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