Three days after sales of recreational cannabis began in California, U.S. Attorney General Jeff Sessions issued a memo calling for a stricter enforcement of federal marijuana laws and, in the process, rescinded Obama-era Department of Justice protections for legal cannabis that was included in the 2013 Cole Memorandum. Brewbound polled beer industry professionals from all three tiers, and most suggested that legalized recreational marijuana would have little impact on beer sales.
Constellation Brands reported its third-quarter fiscal 2018 earnings Friday, which were highlighted by 9.1 percent growth in beer depletions (sales-to-retailers) and a 5.9 percent increase in shipments over the comparable three-month period.
In this week’s edition of Press Clips: Maryland distributors vow to fight Comptroller’s changes; brewers hail tax reform savings; MillerCoors ends Coors Light NASCAR sponsorship; Mitch Steele’s Atlanta brewery sets an opening date; and Bell’s releases Hopslam.
Starting this month, Dogfish Head Craft Brewery will begin selling its beer in Louisiana, extending its footprint to 38 states and Washington, D.C.
MillerCoors today announced that Blue Moon founder Keith Villa will depart the organization on January 5.
After slashing 10 percent of his workforce at the end of last year, Summit Brewing founder Mark Stutrud said his company is heading into 2018 with an increased focus on selling more sessionable core products while simultaneously strengthening its local presence in Minnesota.
In this week’s edition of Last Call: Summit downsizes its workforce; A-B reconsiders its 3.2 beer portfolio; Nebraska looks to tweak its come-to-rest provisions; and more.
New Belgium will finish 2017 “flat to slightly up,” which newly appointed CEO Steve Fechheimer considers a victory in a crowded craft beer industry that has slowed to single-digit growth.
Crooked Stave owner Chad Yakobson wants his wild and sour ales to be more “approachable and available” in 2018. To that end, the Denver-based brewery began transitioning a handful of its core releases from large-format bottles into 6-packs of 12 oz. cans earlier this year.
In this week’s edition of Last Call: President Donald Trump makes tax reform law; Left Hand seeks $6 Million in damages in White Labs lawsuit; the Beer Institute releases November domestic tax paid estimates; the Brewers Association offers to pay to return lost kegs; and more.
Seven months after purchasing Speakeasy Ales & Lagers out of receivership, new owner Cestra “Ces” Butner has reconstructed the company’s California distribution network and reopened the San Francisco brewery’s taproom.
The U.S. Congress voted along party lines to pass the Republicans’ $1.5 trillion rewrite of the federal tax code, which includes two years of excise tax relief for alcohol producers and importers. The bill now heads to President Donald Trump, who is expected to sign it into law before the end of the week.
The Beer Institute (BI) and the National Beer Wholesalers Association (NBWA) have made an early New Year’s resolution: improve beer category health. The boards of directors for the two industry trade organizations each passed resolutions earlier this month pledging to work together with other industry players in support advancing the beer category and reclaiming market share from wine and spirits.
Members of the U.S. Senate and House of Representatives agreed over the weekend on a sweeping rewrite of the U.S. tax code that will include excise tax relief for alcohol producers and importers. The Craft Beverage Modernization and Tax Reform Act (CBMTRA) survived a conference committee of the House and Senate and will be included in the final version of the Tax Cuts and Jobs Act. The bill will now receive a final congressional vote — the Senate could vote as early as Tuesday — before advancing to President Donald Trump’s desk for approval.