Marijuana legalization is facing a major challenge from the alcohol industry
Marijuana legalization is facing a major challenge from the alcohol industry
Ben Gilbert Sep. 16, 2016
Big players in the alcohol business are pushing back on a major marijuana legalization initiative.
Massachusetts is one of five states with a ballot initiative this year that could legalize recreational use of marijuana, and the alcohol industry is leading the charge to stop the initiative. In Massachusetts, a political action committee that represents 16 of the state's beer distributors is among the top three donors to an anti-legalization group, The Intercept's Lee Fang discovered.
Boston Beer Company (the folks behind Sam Adams) are also worried about the potential for Massachusetts cannabis legalization, Fang pointed out. "Certain states are considering or have passed laws and regulations that allow the sale and distribution of marijuana. It is possible that legal marijuana usage could adversely impact the demand for the Company’s products," the company noted in an SEC filing back in February.
http://www.businessinsider.com/marijuana-legalization-massachusetts-from-alcohol-2016-9
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