Fight to Widen Access to RTDs Heats Up Across Several States

Fight to Widen Access to RTDs Heats Up Across Several States

Legislative efforts to change how spirits-based ready-to-drink (RTD) beverages are categorized gathered momentum this week, as lawmakers in Texas introduced a new bill that would give greater market access to packaged spirits-based cocktails under 17% ABV, allowing them to be sold in grocery and convenience stores, while a Washington State Senate committee passed a bill to adjust how the products are taxed.

New Products Roundup: Rhinegeist’s Beer for Humans, Deschutes’ Tropical Fresh IPA, NoDa’s Collab with Cheerwine, and More

New Products Roundup: Rhinegeist’s Beer for Humans, Deschutes’ Tropical Fresh IPA, NoDa’s Collab with Cheerwine, and More

Rhinegeist Brewery will launch Beer for Humans, which the Cincinnati, Ohio-based company has dubbed an “easy hop ale,” next week. Bend, Oregon-headquartered Deschutes Brewery has launched Tropical Fresh IPA, the newest year-round offering in its family of Fresh-branded IPAs. Charlotte-based NoDa Brewing has rolled out Cheerwine Ale, a new year-round offering brewed in collaboration with Cheerwine, a North Carolina-based cherry soda.

Brewbound ICYMI: The First Craft-on-Craft Deal of 2023

Brewbound ICYMI: The First Craft-on-Craft Deal of 2023

In a heavy Boston Beer Company news week, I wouldn’t blame you if you missed out on some of this week’s headlines. Chief among them: I believe we have our first craft-on-craft deal of the year.

Last Call: Super Bowl Boosts On-Premise Velocity in Phoenix, Per CGA; Kroger & Albertsons to Divest of Stores

Last Call: Super Bowl Boosts On-Premise Velocity in Phoenix, Per CGA; Kroger & Albertsons to Divest of Stores

Both sales velocity and check value at bars and restaurants nationwide increased by nearly double-digits in early February, according to CGA, the on-premise arm of market research firm NielsenIQ. Leading up to the Super Bowl, which took place on February 12, on-premise velocity in the host city and state of Phoenix, Arizona, increased +35% compared to the previous week.

Brewbound Headed to California Craft Brewers Association Summit

Brewbound Headed to California Craft Brewers Association Summit

The Brewbound team will head to the California Craft Brewers Association’s (CCBA) Summit in Sacramento from March 20-22. Brewbound editor Justin Kendall, managing editor Jess Infante and reporter Zoe Licata will record podcast interviews from the “Brewbound Studio” on the expo floor throughout the day on both Tuesday and Wednesday.

Drake’s Brewing to Acquire Bear Republic Assets, Per Report

Drake’s Brewing to Acquire Bear Republic Assets, Per Report

California craft breweries Bear Republic Brewing and Drake’s Brewing will merge, according to reports. In the transaction, which is expected to be announced on Thursday, Drake’s will acquire Bear Republic’s formulas, recipes and intellectual property, according to SiliconValley.com.

Boston Beer’s 2023 Strategy: Maintain Twisted Tea Growth, Stem Truly Hard Seltzer Losses; Execs Project Seltzer Segment to Decline -10% to -15%

Boston Beer’s 2023 Strategy: Maintain Twisted Tea Growth, Stem Truly Hard Seltzer Losses; Execs Project Seltzer Segment to Decline -10% to -15%

Boston Beer Company’s top priorities in 2023 are sustaining double-digit growth for Twisted Tea and stemming the losses for Truly Hard Seltzer, executives shared during the company’s Q4 and full-year earnings report. Leadership laid out their 2023 plans to investors. Here are some of the highlights of Thursday’s call with investors and analysts.