MONDAY BEER & WINE LINKS, 12.05.2016
Legal marijuana is affecting the beer industry’s memory.
Killer lead from Jason Notte: “Marijuana’s disruption of short-term memory apparently applies to the argument about its effects on the beer industry. Folks are still saying weed is bad for beer, but nobody seems to remember any of the evidence to the contrary.” And it is followed by a solid takedown of “this purple haze of half-truths” and a report from investment bank Cowen and Co. maintaining that legal marijuana is driving down beer sales. Notte concludes, “It isn’t marijuana harshing the beer industry’s mellow: It’s some harsh truths about where the industry is headed.” [Via MarketWatch]
London’s next beer revolution has begun.
[Via Craft Beer London]
Texas’ Deep Ellum Sells Stake to Storied Craft Breweries.
The Riddle of Scarcity in New England.
[Via All About Beer]
In the first story, Will Hawkes concludes, “The implications for independent London breweries are obvious. The advantage from being local only goes so far: those who will thrive over the next few years will do so because their beer is consistently good.” In the second, a Dallas brewery intent on growing apparently much larger, sells majority interest in the operation to an investment group. In the third, Jeff Alworth examines the choices breweries that brew passionately loved beers make related to producing and selling those beers. You may parse all this information differently. But it seems to me that stories about how many breweries is too many breweries overlook that a fundamental shift. Some owners — well, lots of them — have written a business plan based on ongoing growth. But the way some others measure success has changed, and there is room for plenty more local breweries whose founders have realistic expectations.