4 ms·

From a practical perspective I doubt it. While weed will have higher pricing you won't see the same quantity of people binging on weed like they do on liquor. Y

From a practical perspective I doubt it. While weed will have higher pricing you won't see the same quantity of people binging on weed like they do on liquor. You'll have many places of employment discriminate against it (it can stay in the blood stream for a month). Many people don't enjoy the sensation versus alcohol. It doesn't cause the same chemical dependencies, don't underestimate how much money bars and stores make from "regulars" known to the rest of us as alcoholics. Finally and perhaps most important their is a huge logistical cost to being in the THC industry. Regulations at the local and state levels can take a healthy business and make it shut its doors in less then a week. Payment portals get frozen. Limits to growers, shippers, etc. keep pricing very high. I've yet to meet an un-affluent heavy user who doesn't still buy from a dealer because of pricing. P.S. don't forget the religious and cultural push-back against weed. We accept beer advertising as normal, that won't happen with weed in most places. No superbowl commercials for Gorilla Glue.

coralreef 9y ago
Data shows legal marijuana has hurt beer sales: http://time.com/money/4592317/legal-marijuana-beer-sales/ http://time.com/money/4592317/legal-marijuana-beer-sales/
- ben_jones 9y ago
  From the very first paragraph of the article you linked: "Research firm Cowen & Company analyzed the state of the beer industry in Colorado, Oregon and Washington—states where both recreational weed is legal and craft beer has become popular". And: "MilllerCoors have seen the largest drops. Sales volume of premium brews like Coors Light and Bud Light dipped by 4.4%, while economy brews—the regular forms of mainstream beers like Budweiser or Coors—dipped by 2.4%." Sales of craft beers go up, sales of draft beers go down. I'm not putting all of that on weed. I really don't like how all the sources of articles on the impact and results of weed legalization link to... other weed legalization articles. P.S. A large amount of this "information" is just normal if well disguised click-bait. Please, please, please, link me to hard data if you want to change my mind. I will read every sentence of it! P.S.S. Also craft beer has EXPLODED in places like Portland and it seems like a natural outcome that, because craft beer is much more expensive, that people buy less of it and enjoy it as more of a social delicacy then a weekend event.
kafkaesq 9y ago
The thing is, you're listing off reasons why it "shouldn't" have a large impact... instead of looking at the data.
- ben_jones 9y ago
  What data? They say "source: Cowen" after showing a graph and laying out inferences in a video. Even if the data is correct there is a ridiculous amount of projection and FUD put out around the economic impact of weed in no small part to the fact that many people want it to succeed or fail regardless of what is actually happening with it. Sorry but I am highly skeptical of economic projections by biased parties. Especially when politics are involved, which in the case of weed, it is.
  - kafkaesq 9y ago
    What data? I dunno, maybe have a look at, you know, the actual report (as opposed to the glossy summarization attempted CNBC article)? Sounds like you're pretty well settled on the idea that their findings have got to be FUD, no matter what the data actually say, though (being as you've just admitted that you've haven't actually looked at their data). So there's probably no need for you to bother.
    - ben_jones 9y ago
      The closest I could get was this [1] which seems like the CNBC report was not made from an actual report but instead: "In a research note this morning, Cowen analyst Vivien Azer downgraded Molson Coors (TAP) to Market Perform to reflect expectations for persistent beer volume headwinds". An Investment bank took a public position in something and now we get a bunch of articles and inferences fed to the general public as if they are absolute certainties. Investment banks are always right and have no self interests ever... right? [1]: https://thefly.com/landingPageNews.php?id=2536820&headline=TAP;KSHB;TPB;STZ-On--Cowen-downgrades-Molson-Coors-on-cannabis-threat-to-drinking https://thefly.com/landingPageNews.php?id=2536820&headline=T...
      - 9y ago

coralreef 9y ago

Data shows legal marijuana has hurt beer sales: http://time.com/money/4592317/legal-marijuana-beer-sales/ http://time.com/money/4592317/legal-marijuana-beer-sales/

ben_jones 9y ago
From the very first paragraph of the article you linked: "Research firm Cowen & Company analyzed the state of the beer industry in Colorado, Oregon and Washington—states where both recreational weed is legal and craft beer has become popular". And: "MilllerCoors have seen the largest drops. Sales volume of premium brews like Coors Light and Bud Light dipped by 4.4%, while economy brews—the regular forms of mainstream beers like Budweiser or Coors—dipped by 2.4%." Sales of craft beers go up, sales of draft beers go down. I'm not putting all of that on weed. I really don't like how all the sources of articles on the impact and results of weed legalization link to... other weed legalization articles. P.S. A large amount of this "information" is just normal if well disguised click-bait. Please, please, please, link me to hard data if you want to change my mind. I will read every sentence of it! P.S.S. Also craft beer has EXPLODED in places like Portland and it seems like a natural outcome that, because craft beer is much more expensive, that people buy less of it and enjoy it as more of a social delicacy then a weekend event.

kafkaesq 9y ago

The thing is, you're listing off reasons why it "shouldn't" have a large impact... instead of looking at the data.

ben_jones 9y ago
What data? They say "source: Cowen" after showing a graph and laying out inferences in a video. Even if the data is correct there is a ridiculous amount of projection and FUD put out around the economic impact of weed in no small part to the fact that many people want it to succeed or fail regardless of what is actually happening with it. Sorry but I am highly skeptical of economic projections by biased parties. Especially when politics are involved, which in the case of weed, it is.
- kafkaesq 9y ago
  What data? I dunno, maybe have a look at, you know, the actual report (as opposed to the glossy summarization attempted CNBC article)? Sounds like you're pretty well settled on the idea that their findings have got to be FUD, no matter what the data actually say, though (being as you've just admitted that you've haven't actually looked at their data). So there's probably no need for you to bother.
  - ben_jones 9y ago
    The closest I could get was this [1] which seems like the CNBC report was not made from an actual report but instead: "In a research note this morning, Cowen analyst Vivien Azer downgraded Molson Coors (TAP) to Market Perform to reflect expectations for persistent beer volume headwinds". An Investment bank took a public position in something and now we get a bunch of articles and inferences fed to the general public as if they are absolute certainties. Investment banks are always right and have no self interests ever... right? [1]: https://thefly.com/landingPageNews.php?id=2536820&headline=TAP;KSHB;TPB;STZ-On--Cowen-downgrades-Molson-Coors-on-cannabis-threat-to-drinking https://thefly.com/landingPageNews.php?id=2536820&headline=T...
    - 9y ago