Location : Ether-Sphere
Job/hobbies : Irrationality Exterminator
Humor : Über Serious
|Subject: Crony Statism: Alcohol Industry Frantically Lobbies Against Legal Cannabis as Beer Sales Predict $2 Billion Drop Thu Mar 09, 2017 2:10 am|| |
|Some new cannabis statistics are undoubtedly causing the alcohol industry in the US to shake in their boots.|
With over half of the country’s states embracing some form of legalized marijuana, with a few states even permitting recreational use, cannabis is poised to affect the alcohol industry at some point. And according to a new study, the beer industry stands to lose billions if marijuana is legalized nationwide.
The study states, “Cannabiz Consumer Group’s (C2G) research findings predict that legal marijuana will “canna-balize” 7.1% of revenues from the existing retail beer industry.” Even though the revenue margin may seem small to some, the profit losses are predicted to exceed 2 billion dollars.
Anarcho-Capitalist, AnCaps Forum, Ancapolis, The Dark Side, Post-Apocalypse, OZschwitz Contraband