Marijuana Panel: Pot Absolutely Cuts into Alcohol

Dear Client:A panel on legalized recreational marijuana at our Wine & Spirits Daily Summit in Denver last week relayed every beer company's greatest fear: Marijuana industry members absolutely believe their product displaces some alcohol occasions. On the other hand, many alcohol distributors are reportedly eager to get in on future state-based legalization, particularly where the marijuana industry will be modeled after alcohol's 3-tier system. As one panel member, the Marijuana Policy Project's Mason Tvert put it, alcohol distributors are already