Personally, I have nothing against the alcohol industry, but I do get miffed sometimes to see alcohol celebrated in our culture while cannabis is still publicly shunned and suffers through stigmatization, even in states where it’s legal. From a public policy perspective, it is clear that cannabis is the safer choice for adults as the societal costs of alcohol are much greater and taxes remain extremely low, not remotely covering the public health and safety costs increased by imbibing. We are now getting data that cannabis is taking a bite out of beer sales, as reported by Marijuana Business Daily:
The volume of beer sold in Canada declined 3% in the first 11 months of 2019 compared to the same period in 2018, according to new data from provincial alcohol boards and brewers.
The figure underscores how recreational cannabis has captured some of the beer market – and validates concerns among Canadian brewers who long feared the impact of adult-use marijuana on their sales.
In a note to investors, Cowen analyst Vivien Azer said the 3% drop in beer sales is far worse than the trends seen between 2014 and 2018, when beer sales volume declined an average 0.3% annually.
There are a lot of reasons why the cannabis community can be proud. We have put in a lot of work to end unnecessary arrests and build an industry from the ground up. We are creating jobs and revenue for our local communities and have helped decrease the use of more dangerous substances like alcohol and opioids.
We have started to see alcohol companies start making the transition to investing in the cannabis industry as they see the writing on the wall and the CEOs in charge will certainly follow the money. While these big companies may help mainstream cannabis and prove to be allies to implement much-needed federal reforms, let’s all do our best to support craft cannabis boutiques that have been on the right side of history for a long time.