Daily marijuana use surpasses alcohol consumption, new study finds. Here's what it means for the industry
Publishing timestamp: 2024-05-23 13:45:48
Summary
More Americans are using marijuana on a daily or near-daily basis than alcohol for the first time. Analysts believe this trend could impact the alcohol industry, with potential for mergers and fewer beer sales. The cannabis industry is expecting federal restrictions to ease, while the alcohol industry is working to defend its market share. Some analysts expect a greater impact on the alcohol industry from increased cannabis adoption.
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