Alcohol Sales Rise after Weed Legalization, Contrary to Industry Expectations
Alcohol businesses are seeing ‘phenomenal growth’ alongside marijuana industry in Colorado, dispelling concerns that consumers prefer pot over booze.
Underlying the debate over marijuana legalization has been an equally fierce battle between marijuana and another so-called vice industry: alcohol.
As an increasing number of states look to join the four states and Washington DC in legalizing recreational marijuana, many in the alcohol industry have feared that legalized weed will cut into their existing profits.
But a few years into Colorado legalization, alcohol sales are up in the state, and those in the alcohol business have embraced their fellow industry.
In the 18 months since recreational sales were legalized in Colorado, “we’ve just seen phenomenal growth”, said Justin Martz, 32, who runs Mr B’s Wine & Spirits in downtown Denver. He noted that there was some concern initially about legalization, “but it’s really turned out to be a non-issue”. In fact, he said, “if anything it’s kind of helped us. A high tide lifts all boats.”
Read the article “Alcohol Sales Rise after Weed Legalization, Contrary to Industry Expectations” on theguardian.com.