How Much Of An Impact Will Cannabis Have On Alcohol Sales?
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The increasing prevalence of legalized cannabis today is expected to greatly impact alcohol sales and consumption habits, with a growing number of people opting to consume cannabis rather than drink.
It's been previously suggested that the beer industry is set to lose billions because of the change.
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In Canada, it's been reported that they're now seeing a decline in beer sales now that their legal market for cannabis has been established. But beer companies disagree with the correlation.
They haven't seen any notable decrease in sales in several states that have legalized.
Other reports insist that the results are similar for others states as well, that the alcohol sales aren't seeing any drastic decline just yet, following the change of legalizing weed.
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But there is a chance for it to have some impact eventually, as more areas accept a cannabis market. It might not only be the preferred product for consumption for many, but it has also shown potential for assisting alcohol recovery too. Researchers have suggested that cannabis might play a critical role in helping individuals to battle and overcome alcoholism, along with providing other potential remedy to illness.
Surveys have also found that many beer drinkers admit they're ready to make the switch to smoking pot instead. There are also reports that many younger people today also prefer cannabis to drinking.
If any products are at risk, alcohol industry experts suggest it will likely be low end beer sales.
There is also research indicating that increased exposure to recreational cannabis might lead to a decline in alcohol sales.
For those that don't want to choose between the two, you can find a growing number of companies looking to mix the two together. You can also find beverage companies that have sought to invest millions into the cannabis industry.
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Hey weed infused beer and pot vodka solve the problem.
I need some alcohol for my body yet a cannabis for my brain. Perhaps, the sale went increase on cannabis but steady on alcohol. That's my opinion since I do not switch but accepted the new stuff.
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there ya go😂 👍👍
I mostly quit drinking when it became legal for me to drink but when I was still into it, I used to like to drink and smoke at the same time. I am sure that legal weed will affect alcohol sales but I am not sure as to how extreme the impact will be.
I could maybe see it hitting the bar sales. Maybe people will just light up and stay home instead.
good point! lol just stay home and order delivery 🍕😄