Study finds legalization of recreational marijuana not effecting spirits sales
Spirit sales remain steady
In spite of consumer interest in recreational marijuana and the fact that several states have legalized its use, the Washington, D.C.-based Distilled Spirits Council reports that distilled spirits sales have not been negatively impacted. The new in-depth study examined state-level alcohol tax receipts and per capita alcohol sales in Colorado, Washington state and Oregon for the two years prior to recreational marijuana legalization and up to three to four years post-legalization.
“Simply put, the data shows there has been no impact on spirits sales from recreational marijuana legalization,” said Distilled Spirits Council Chief Economist David Ozgo in a statement, noting that examining tax data and actual shipments provides the most accurate insight into what is happening in the marketplace.