On Nov. 5, a recreational marijuana ballot initiative in Florida failed to pass by a very slim margin. While it’s only one state, some are calling it the biggest blow to the cannabis industry in years. For years, many companies banking on the bill’s approval have laid the groundwork for more dispensary openings in the Sunshine State. Now, all of that momentum has come to a screeching half. To make matters worse, uncertainty about the incoming administration’s interest in federal legalization is prompting some cannabis companies and investors to get cold feet.
It may be a matter of comparing apples to oranges, but what does this mean — if anything — for the future of the alcohol industry? Since cannabis has been coopting some classic drinking occasions, does this setback give booze some breathing room? On this episode of the “VinePair Podcast,” Adam, Joanna, and Zach weigh in. Tune in for more.
Joanna is reading: Shakers Can Break Ceilings: The Rise of Women in Global Cocktail Competitions
Zach is reading: Why Craft Breweries Are Still Launching Hard Seltzer Brands
Adam is reading: The Cookbook That Became Every Bartender’s Trusted Companion
Listen Online
The article The VinePair Podcast: Can Alcohol Benefit From Cannabis Going Bust at the Ballot Box? appeared first on VinePair.
