Modern Culture

Molson Coors: legalized pot may hurt beer sales

Molson Coors Brewing Co. voiced concerns about the potential impact that cannabis legalization could have on its beer sales

The 13K filing indicated that the company views legal cannabis as a possible “risk factor” to its business, suggesting that “although the ultimate impact is currently unknown, the emergence of legal cannabis in certain U.S. states and Canada may result in a shift of discretionary income away from our products or a change in consumer preferences away from beer.” Molson Coors continued: “As a result, a shift in consumer preferences away from our products or beer or a decline in the consumption of our products could result in a material adverse effect on our business and financial results.”

Original Article (Investopedia):
Molson Coors: Legalized Pot May Hurt Beer Sales
Artwork Fair Use:​ Ajor933

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