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 Crony Statism: Alcohol Industry Frantically Lobbies Against Legal Cannabis as Beer Sales Predict $2 Billion Drop

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PostSubject: 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.


http://thefreethoughtproject.com/weed-poised-take-chunk-beer-sales/

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