Is Pot Killing Beer?

Dear Client:"Alcohol appears likely to be the big loser from pot legalization. The new research from Cowen finds that the monthly level of binge drinking in states where recreational pot use was legal as of 2016 was 13% lower than in states where cannabis was completely illegal." That's from Investor's Business Daily.There's more: "U.S. pot sales could reach $75 billion by 2030 if the nation fully legalized recreational use, an analyst said in a report Wednesday, potentially making the industry