a.
Snack food vendors and beer distributors earn some monopoly profits in their local
markets but see them slowly erode from various new substitutes. When California voted on
legalizing marijuana, which side would you think that California beer distributors were on? What
about snack food venders? Why?
As per papers submitted with the California Secretary of State, the California Beer & Beverage
Distributors is expending funds in the state to resist a marijuana legalization issue on the ballot.
Beer retailers are the first marijuana rivals to formally engage the discussion; supporters of the
initiative are keeping a careful eye on liquor and wine retailers, as well as the pharmacy business,
to see whether they join in the coming days. More and more states are moving to legalize
marijuana (whether for medicinal or recreational use, or both), and the impact has already been
tremendous. The legal changes have spawned a burgeoning industry of legal cannabis
companies, including those which aim to research and develop cannabis-based medical products,
those which are working to distribute and grow marijuana, and many others. All told, more than
half of U.S. states have medical marijuana laws on the books, and sixteen states have legalized
certain quantities of marijuana for recreational use as well.
As per recent study, the legality of marijuana in numerous US states has had little effect on beer
sales, since Consumers have found to fit both into their social calendars. Concerns that red-eyed
revelers grabbing for smokes rather than beers would send the brewing business into continuous
collapse have been incorrect, according to experts at financial company Bernstein. “At first
glance, marijuana and alcohol in general appear to be unambiguous competitors, with each
additional USD spent on pot implying a penny spent less on beer,” they said.
However, instead of replacing Budweiser with bud-smoking, the legalizing marijuana for
medical or recreational uses has been accompanied by an increase in beer intake in certain
situations. Beer usage in places where medical marijuana is permitted fell 0.6 percent on average
in the 3 years before legalization, but gained 0.1 percent in the 3 years following.
Bernstein acknowledged that the study was centered on a limited handful of states over a short
period of time, but added, "Our research suggests that medical marijuana regulation had a
beneficial influence on beer consumption patterns." It was proposed that "beer and cannabis are
complementary rather than alternatives" as a result of this. According to Bernstein, the startling
findings might be due to users possessing more cash in their wallets to expend on beer as the cost
per gram of marijuana has dropped since legalized.
Here’s stuff to think about if you're looking for a good peak from recreational marijuana is sales
of snack items. It's a well-known pop culture depiction. The main protagonists in the film go on
an enormous junk-food binge after using marijuana, ingesting massive amounts of crisps,
cookies, and any other high-calorie, salt-or-sugar-laden treats they can get their hands on.
Whereas some neuroscientists have suggestions, no formal direct proof exists to explain
marijuana's well-known impact on the individual mind. As per a new research, consumption of
potato chips, cookies, and ice cream surged in Colorado, Oregon, and Washington after
recreational marijuana became permitted. Following legalization, chip sales surged 5.3 %, cookie
sales jumped 4.1%, and ice cream purchases surged 3.1%. “The boost in selling begins when the
legislation came into effect", is according to the data, which were posted in the Social Science
Research Network. As per the findings, snacking spurts for ice cream and chips dropped
marginally, but not for cookies.
https://www.huffpost.com/entry/this-buds-not-for-you-bee_n_732901
https://www.investopedia.com/articles/insights/110916/economic-benefits-legalizing-weed.asp
https://nypost.com/2019/03/05/marijuana-legalization-has-boosted-snack-food-sales-study-
reveals/
https://www.theguardian.com/business/2017/jan/13/beer-sales-marijuana-legalisation-cannabis-
smoking
https://www.forbes.com/sites/thomaspellechia/2018/02/12/does-legalizing-marijuana-threaten-
wine-and-beer-consumption/?sh=47bfef897dfb
https://www.sciencedaily.com/releases/2019/02/190228134227.htm
