Is Marijuana Legalization Good or Bad For the Beer Industry?

Some industry prognosticators question whether legalized weed will compete with alcohol for Americans' tightening recreation budgets.

With marijuana now legal in two U.S. states (and perhaps several more soon), members of the alcohol industry are considering what effects new drug policies will have on their business. As explained by Arjun Kharpal at CNBC, the posited thought is that people who drink and smoke likely file beer and weed under the same line in their personal budgets, thus growers and brewers would be competing in the same market.


Research analysts have looked at the 10 largest states to have legalized medical marijuana and found that beer consumption experienced a short spike before falling into decline, albeit in a short about of time. Those same researchers have also pondered whether legalized cannabis have benefited or could potentially benefit burgeoning craft beer industries in states like Colorado, Delaware, and Alaska.

"Many craft brewers have already embraced the weed buzz through clever marketing ploys. Oskar Blues has signs printed on cans showing how it can be turned into a bong for smoking the drug. Redhook Ale Brewery has released a beer called "Joint Effort" brewed with hemp seeds, but it does not contain the chemical in weed that causes someone to get high."

For more on marijuana legalization and its impact on the alcohol industry, read on at CNBC

Photo credit: Photographee.eu / Shutterstock

LinkedIn meets Tinder in this mindful networking app

Swipe right to make the connections that could change your career.

Getty Images
Sponsored
Swipe right. Match. Meet over coffee or set up a call.

No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.

Keep reading Show less

10 books to check out from Jordan Peterson's 'Great Books' list

The Canadian professor has an extensive collection posted on his site.

Jordan Peterson with Carl Jung and the cover art of Jaak Panksepp's 'Affective Neuroscience' (Image: Chris Williamson/Getty Images/Big Think)
Personal Growth
  • Peterson's Great Books list features classics by Orwell, Jung, Huxley, and Dostoevsky.
  • Categories include literature, neuroscience, religion, and systems analysis.
  • Having recently left Patreon for "freedom of speech" reasons, Peterson is taking direct donations through Paypal (and Bitcoin).
Keep reading Show less

Your body’s full of stuff you no longer need. Here's a list.

Evolution doesn't clean up after itself very well.

Image source: Ernst Haeckel
Surprising Science
  • An evolutionary biologist got people swapping ideas about our lingering vestigia.
  • Basically, this is the stuff that served some evolutionary purpose at some point, but now is kind of, well, extra.
  • Here are the six traits that inaugurated the fun.
Keep reading Show less

Should you invest in China's stock market? Know this one thing first.

Despite incredible economic growth, it is not necessarily an investor's paradise.

Videos
  • China's stock market is just 27 years old. It's economy has grown 30x over that time.
  • Imagine if you had invested early and gotten in on the ground floor.
  • Actually, you would have lost money. Here's how that's possible.