Alcohol Sales

In 2018, U.S. retail alcohol sales totaled $254 billion, nearly 7x overall cannabis sales (both legal and illicit) of $37.2 billion. New Frontier Data estimates that overall domestic cannabis sales grew 6.7% in 2018, while alcohol sales meanwhile grew at 5% year over year (source: bw166). In its...

The American alcohol market has shown impressive growth rates, especially over other countries where drinking beer and spirits is engraved in its culture, Berenberg's Javier Gonzalez Lastra and Matt Reid commented in a research report. For example, alcoholic consumption in the U.S. rose by 15...

What does a $4,944 bottle of Hennessy cognac have in common with a $7.49 bottle of Mogen David “Mad Dog 20/20” red, rotgut wine? Both can be delivered to your doorstep these days, and it’s dooming the local liquor store. It’s a familiar story of online sales creating a brick...