In the latest speculation about the impact of legal marijuana on beer sales, Cannabiz Consumer Group research shows more than a quarter of beer drinkers have switched or would switch to marijuana, causing a major hit to retail sales of beer. Cannabiz estimates retail sales of beer could drop $2 billion annually, or 7.1 percent of existing sales.
Tag Archives: Legal Marijuana
A study by Deloitte says legal marijuana in Canada will become a $22.6 billion industry, surpassing all alcoholic beverages combined. The soon-to-be-released, 11-page report, titled “Recreational Marijuana: Insights and Opportunities,” says fulfilling the demand for recreational pot will require 600,000 kilograms annually.
The U.S. District Court for the District of Colorado in The Green Earth Wellness Center, LLC v. Atain Specialty Insurance Company, No. 13-cv-03452-MSK-NYW, 2016 WL 632357 (D. Colorado Feb. 17, 2016) was recently faced with determining the extent of coverage under a commercial property policy for damage sustained to marijuana plants at a growing facility and addressing…
SAN FRANCISCO, May 21, 2015 /PRNewswire/ — eCann, Inc. is today announcing a new platform for investors looking to get into the legal cannabis industry. “The Cannabis Investor Summit,” the brainchild of Eddie Miller, Lawrence Michelson and Boris Tsibelman, will showcase the investment opportunities and benefits of investing in the Cannabis industry with an emphasis on the transparency of a cloud-based environment.
A week before the grand opening of Cannabis City, James Lathrop paces by the conspicuously bare glass display cases in his small shop, tucked away just south of downtown Seattle.
New Year’s Day 2014 was the first day Colorado allowed licensed vendors to sell marijuana to anyone 21 years or older, making buying a bag of pot virtually the same as buying a six-pack of beer. Just 24 hours later, the state’s retail marijuana shops, most of which are in the Denver area, surpassed an aggregate $1 million in sales.
Past and present, investors always have been looking to cash in on the next big thing. In 1849, prospectors flocked west for the California Gold Rush. Today, investors are flocking towards the legalized marijuana industry, which is being referred to as the “green rush.”
The murky world of illegal marijuana trading is alive and well in Denver regardless of Colorado’s liberal policies, but my money is on legal marijuana prevailing.