Marijuana Could Spell Trouble For Beer. Or Not.

Dear Client:If you type in "marijuana and beer" into a "Google News" search, you'll see dozens of headlines pop up saying something to the effect of "Marijuana is Harming Beer Sales." Most of these stories, if not all of them, were fueled by Cowen and Company's recent report suggesting that beer volumes are declining in markets where recreational weed is legal. The person behind the report, Cowen analyst Vivien Azer, took the stage at the Brewbound Session earlier this month