A Quarter of American Beer Drinkers Say They’re Switching to Pot

(THIS ARTICLE IS COURTESY OF TIME.COM)

(POT IS A STEP DOWN DRUG, NOT A STEP UP DRUG. LEGAL POT IS A THREAT TO THE ALCOHOL AND PHARMACEUTICAL INDUSTRIES AS WELL AS TO THE PROFITS OF DRUG CARTELS, POLICE DEPARTMENTS AND TO THE STATE AND FEDERAL PRISON FOR PROFIT SYSTEMS. THIS IS THE MAIN REASONS THAT POT IS STILL ILLEGAL, THAT AND PEOPLE LIKE THE AG JEFF SESSIONS WHO ARE TOTALLY IGNORANT OF KNOWLEDGE AND OR TRUTH OR SIMPLY DO NOT CARE WHAT THE TRUTH IS.) (THIS COMMENTARY IS BY TRS)   

A Quarter of American Beer Drinkers Say They’re Switching to Pot

11:34 AM ET

As legalization of marijuana grows throughout the United States, so does its popularity with beer drinkers.

About one in four Americans are now spending their money on marijuana instead of beer, new research from Cannabiz Consumer Group found. Twenty-seven percent of beer consumers are legally purchasing cannabis instead of beer, or suggested they would purchase it instead if it were legalized in their state. The research group surveyed 40,000 Americans last year.

About 24.6 million Americans legally purchased pot in the U.S. last year and that number is expected to grow, according to the study. Numerous states have legalized marijuana for medical purposes, and a smaller number of states have legalized it for recreational use. The Department of Justice under the Obama Administration relaxed federal enforcement of marijuana laws in states where it is legal, but the Trump Administration may reverse that trend.

Still, the group predicts the cannabis industry will grow to $50 billion. The U.S. beer market sells over $100 billion in beer each year, according to the National Beer Wholesalers Association.

If marijuana were legalized nationally, the beer industry would lose more than $2 billion in retail sales, the Cannabis Consumer Group says. The group anticipates the cannabis industry will take just over 7% of the beer industry’s market.

Other studies have supported this concept. As Money reported in 2016, the legalization of marijuana in Colorado, Oregon and Washington state contributed to beer sales falling in those states, according to research firm Cowen & Company.

Most recently, Massachusetts, Maine, California and Nevada passed measures to legalize the recreational use of marijuana late last year. More than half of U.S. states permit the medical use of marijuana.

What Is The Value Of The Dollar Inside The United States?

(THIS ARTICLE IS COURTESY OF THE MICHAEL REAGAN REPORT)

Michael Reagan
Businesses Flee California

By Michael Reagan

It never occurred to me that one could do exchange rate calculations between U.S. states. I always thought exchange rates only applied to foreign countries.

For example: Does the 20-to-1 exchange rate for pesos and dollars make up for the risk of decapitation on a visit to Mexico? Or should I settle for the much lower 1.32-to-1 exchange rate for Canadian dollars to U.S. dollars and have a better chance of surviving my vacation?

The Tax Foundation has estimated the difference in purchasing power for a $100 bill in various states. The winner of the competition was Alabama where you get $115.34 in value for your Benjamin.

Right next door to my home state of California, my former home state (went to high school there) of Arizona nets you $103.73 for your hundred smackers.

While in California your $100 is worth $88.97. Only in New York, New Jersey and of course Washington, D.C. could you get less for your money.

Is it any wonder Spectrum Location Solutions found 9,000 businesses left California between 2008 and 2015 in search of pastures where their greenbacks had more impact.

Joseph Vranich, president of SLS, told the Dallas Business Journal “companies are leaving California to escape escalating costs and regulations can move to Texas or Nevada that have no income tax and high relative purchasing power. I even wonder if some kind of ‘business migration history’ has been made.”

In the same interview Varnish estimated that California escapees have enjoyed “astonishing” operating cost savings from 20 to 35 percent.

That’s what happens when nanny state government decides to put the golden goose on an Ex-Lax diet to pay for its “compassionate” big government.

Some states claim to be “open for business” while California has “opened up on business.”

The top ten states that have enjoyed to California’s government-induced business exodus are Texas at the top followed by Nevada, Arizona, Colorado, Washington, Oregon, North Carolina, Florida, Georgia and Virginia.

The California counties that have suffered the largest loss of businesses are just the ones you would expect: Los Angeles, Orange, Santa Clara, San Francisco, San Diego, Alameda, San Mateo, Ventura, Sacramento and Riverside.

Proving that after a while business realizes California may have good weather, but you can’t take a climate to the bank.

Breitbart observed, “The Tax Foundation established a direct inverse correlation between purchasing power and the percentage level of state tax rate. California, with a 13.3 percent top state tax bracket, leads the nation.”

A dubious distinction that costs the remaining residents in lost employment opportunities.

Michael Reagan is the son of former President Ronald Reagan and chairman of the League of American Voters. His blog appears on reaganreports.com

 

 


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