Legalized marijuana is harshing the buzz of three longtime craft beer meccas, according to a new report from Cowen and Company. In Colorado, Oregon and Washington, where recreational cannabis use has been legalized, the beer business is underperforming, according to Vivien Azer, Cowen and Company’s managing director and senior research analyst specializing in the beverage, tobacco and cannabis sectors.
Brewbound Session San Diego will take place this Thursday and, in addition to featuring a thought-provoking discussions with a stellar lineup of industry executives and entrepreneurs, we’ve also carved out plenty of time for attendees to enjoy some great beers and intimate conversations with one another. To kickstart the networking, registered Brewbound Session attendees are invited to join the official welcome reception, sponsored by Blue Horseshoe, taking place at the “Paradise Terrace” at Paradise Point on Wednesday, Nov. 30 at 6:00 PM.
In the latest attempt to raise $50 million to build out its first U.S. brewery in Ohio, Scottish craft beer maker BrewDog announced Monday that it would open a brewpub in any American city where at least 500 people invest in the company’s Equity for Punks USA crowdfunding campaign.
Dutch beer maker Bavaria N.V. has acquired Latis Imports, a Connecticut-based importer of Belgian speciality craft beers. Terms of the deal, announced Monday, were not disclosed, but Latis co-founder David Van Wees told Brewbound that he sold 100 percent of his stake to Bavaria.
In this week’s edition of Last Call: A Texas judge rules on crowlers, the BA addresses diversity in brewing and Bat Watson analyses GABF winners.
2016 was a record year for United States hop growers. For the second consecutive year, the U.S. planted more hops (52,962 acres) than Germany (45,957 acres) as farmers expanded their operations to accommodate for increased hop production.
Coronado Brewing Company announced yesterday that it would expand distribution to Texas, signing with Brown Distributing. The San Diego-based company’s beers will be available in the Lone Star State this month, according to a press release.
Sierra Nevada yesterday named Joe Whitney as the company’s first chief commercial officer. Whitney, who began with the company in 2006, had been serving as the vice president of sales. The announcement comes after a six month-long effort to create a senior leadership team that, according to Whitney, will be tasked with doubling production over the next decade and transforming the company into the largest independently-owned craft brewery in the U.S.
Online sales of alcoholic beverages in the United States are on the rise, and the industry is expected to generate $614 million in revenue this year, according to market research firm IBISWorld. Sales are expected to continue growing over the next five years, the firm said, as consumers who are too busy to shop in brick-and-mortar stores rely more heavily on making purchases with their smartphones and tablets.
New Holland Brewing Co. — maker of the popular Dragon’s Milk bourbon barrel stout series and Mad Hatter IPA — will begin distributing in the Pacific Northwest next month.
We’re just 10 days away from the 2016 Winter Brewbound Session, happening on Thursday, Dec. 1 in San Diego, and the final agenda is now available for viewing. And, as always, we’ve saved one final surprise announcement for attendees. Joining next week’s full-day event will be Vann Russell, the founder of Arlington Capital Advisors.
The board of directors for Constellation Brands — the high-end maker of Ballast Point and import brands Modelo and Corona — has approved a share buyback program of up to $1 billion of the company’s common stock.
Personnel changes are starting in the wake of Molson Coors’ purchase of MillerCoors. The company made one key addition, but has also begun cutting positions across the U.S. Yesterday, Molson Coors named Tracey Joubert as its new chief financial officer and, according to Pete Marino, the chief public affairs and communication officer at MillerCoors, six individuals based out of that division’s headquarters in Chicago will also be let go as a result of the acquisition.
A “landmark report” issued Thursday by the Surgeon General found that nearly 21 million Americans have substance abuse disorders — more than the number of people with all forms of cancer — and yet 90 percent are not receiving treatment.