Wall Street Reads the Tea Leaves

Dear Client:At Monday's BMI conference in New York, Macquarie's Caroline Levy moderated a Wall Street panel that covered hot topics in beer, from cannabis to data to marketing.She started with a state of the union on beer, covering tough trends like input costs (freight still an issue, though not as much as months ago) and cannabis. How is it affecting the beer space? That was fodder for the panel (and much of the meeting). Caroline shared a sobering stat: The