Constellation Bumped to No.3 in Super Luxury Wine
FILED JUNE 30, 2016 Constellation Brands kicked off fiscal year 2017 on a positive note with strong beer and wine depletions, for the first quarter ended May 31. The company reported a net sales growth of 15%, primarily due to the "acquisition benefits" from Ballast Point and Meiomi. Read More
Recreational Marijuana Initiatives Make Progress in Election Year
FILED JUNE 29, 2016 2016 is going to be a big year for marijuana (mj) in the US. Four states currently allow recreational marijuana use, Colorado, Washington, Alaska and Oregon. And yesterday, California's Secretary of State's Office greenlit a recreational marijuana initiative. So come November, the state's citizens will vote whether to legalize adults 21 and older to possess, transport and use up to an ounce of weed, and the ability to grow up to six plants, per the LA Times. Read More
More on the Corporations Challenging TABC's Unchecked Power
FILED JUNE 28, 2016 If you've ever done business in Texas, you know the Texas Alcoholic Beverage Commission (TABC) has long operated with little involvement from the government. But change is afoot in the Lone Star State as three major corporations--Mexican c-store chain OXXO, McLane Company and Wal-mart--are taking the agency to task for protectionist behavior in enforcing its tied-house laws. Read More
TX ABC Sued for "Arbitrarily" Picking Winners and Losers
FILED JUNE 27, 2016 The Texas Association of Business (TAB) and member company McLane Company Inc. filed suit against the Texas Alcoholic Beverage Commission (TABC) in federal court today in attempt to eliminate the One Share Rule and create a "level playing field" amongst Texas businesses. Read More
What to Know About the Brexit
FILED JUNE 24, 2016 Despite predictions to the contrary, the UK has decided to break up with the European Union. The news, confirmed this morning, sent the British pound into the toilet and plunged most of the world's major stock markets. It will take much longer than a few hours to create a comprehensive view of how the Brexit will affect the alcohol business, but we'd be remiss if we didn't touch on some things worth considering in the wake of the Brexit. Read More
Let's Talk Untapped Craft Opportunities
FILED JUNE 23, 2016 There has been a lot of talk lately about a craft spirits shakeout and overcrowded shelves. We tend to agree the category probably doesn't need more craft bourbon or vodka brands, but there are still some spaces with plenty of potential. Our craft industry panelists shared a few of their thoughts on which categories or concepts are ripe with opportunity during the recent WSD Summit. Read More
CA Lege Assesses "Nightmare" Tied House Exemption Bill
FILED JUNE 22, 2016 California lawmakers are considering a bill (SB1426) that would ease restrictions on the state's tied house laws, which some industry members argue would inadvertently legalize pay-to-play activities. Read More
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