Beer sales don't take a hit from marijuana legalisation, study finds
The legalisation of marijuana in several US states has not curbed beer sales, according to new research, as Americans managed to find room in their social schedules for both.
Analysts at investment firm Bernstein said fears that the brewing industry would be sent into chronic decline by red-eyed revellers reaching for joints instead of beers have proved unfounded.
“At first sight, one would regard marijuana and alcohol in general as clear rivals and that every extra dollar spent on weed meant a dollar less on booze,” they said.
https://www.theguardian.com/business...nnabis-smoking
The legalisation of marijuana in several US states has not curbed beer sales, according to new research, as Americans managed to find room in their social schedules for both.
Analysts at investment firm Bernstein said fears that the brewing industry would be sent into chronic decline by red-eyed revellers reaching for joints instead of beers have proved unfounded.
“At first sight, one would regard marijuana and alcohol in general as clear rivals and that every extra dollar spent on weed meant a dollar less on booze,” they said.
https://www.theguardian.com/business...nnabis-smoking
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