"Robust Opportunities" in the Ancillary Cannabis Biz
FILED AUGUST 20, 2018 It's been eight months since recreational marijuana laws went into effect in California, and the regulatory framework around cannabis "is in massive growing pains," said Los Angeles-based lawyer Hilary Bricken at the recent Wine & Weed Symposium. Read More
CA North Coast Grape Harvest "Going to Be a Big One"
FILED AUGUST 17, 2018 California's 2018 grape harvest has begun in Napa and Sonoma, just a few weeks past the start date for the previous two harvests. Read More
TWE Done Pretending to Be Happy with Mediocre Distrib Performance
FILED AUGUST 16, 2018 Treasury Wine Estates continued its transformation in the all-important Americas region for the fiscal year ended June. Shipments in the region declined 13% as a result of: its exit from lower margin commercial end of the category; inventory reduction from route-to-market changes; and the decision not to repeat the deep discounting model used in previous Q4 periods. Read More
Constellation Invests Addt'l $4 Billion in Cannabis Company
FILED AUGUST 15, 2018 Constellation Brands is furthering its strategic partnership with cannabis company Canopy Growth Corp. with an additional $4 billion investment. This will increase Constellation Read More
Precept Wine Buys Truett-Hurst Wholesale Biz for $18 Million
FILED AUGUST 14, 2018 Seattle-based Precept Wine has acquired Truett-Hurst Read More
Spirits Volumes Spike in Q2
FILED AUGUST 13, 2018 The latest bev alc trends from BW166 are in, and wine and spirits servings were up by 2.3% and 3%, respectively, while beer servings declined 2.4% for the 12 months through June. Read More
Audit Shows North Carolina ABC Wasted Over $13 Million
FILED AUGUST 10, 2018 An audit of the North Carolina Alcoholic Beverage Control Commission wasted as much as $13 million in taxpayer dollars over the last 13 years. The major issues were that the commission did not procure, administer or monitor its contract costs for warehousing and distribution service contract with a company called LB&B, and that it was renting warehouse space it kept empty. Read More
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