Canadian Beer Sales Are Dropping, Thanks to Federal Weed Legalization

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Summary

Between 2014 and 2018, beer sales declined by 0.3 percent. But during the first full year of legalization, Canadian beer sales dropped by a full 3 percent.

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Legalizing recreational weed in Canada is proving to be bad news for the alcohol industry, according to recent sales data.

Beer Canada, a trade association representing the country's beer industry, reports that overall sales of beer declined by 3 percent during the first full year of legalization. “This is far worse than the trends seen between 2014-2018, where beer industry volumes fell an average 0.3%,” said Cowen analyst Vivien Azer to...

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