Daily Archive: January 3, 2023
Exclusive: U.S. Spirits Market Climbs 6% In 2022, Boosted By RTDs
After a period of drastic market fluctuations brought on by the pandemic, the U.S. spirits category began to restore its equilibrium last year, as the on-premise roared back to health and the retail segment came back to Earth after two years of outsized gains. Continue reading →
Posted in News on January 3, 2023Sazerac Shakes Up Distribution, Departing RNDC Across Two Dozen States
Sazerac Co. has announced a broad shakeup of its distributor alignment, departing the RNDC portfolio in more than two dozen states, with Breakthru, Johnson Brothers, Martignetti, Southern Glazer’s, beer distribution giant Reyes, and others picking up the business in areas around the U.S. Continue reading →
Posted in News on January 3, 2023Diageo CEO Ivan Menezes Knighted
Diageo CEO Ivan Menezes has been named a knight in the U.K.’s New Years Honours for services to business and equality. Continue reading →
Posted in News on January 3, 2023Cannabis Tax Revenue Soars In New Markets, Slumps In Mature States
The top seven states with adult-use cannabis programs collectively brought in $2.4 billion in tax revenue in the first nine months of 2022, according to Impact Databank. Continue reading →
Posted in News on January 3, 2023As New York Launches Cannabis Sales, Tax Burden Poses Challenges
New York launched its state recreational cannabis market on Thursday when sales began in New York City. Continue reading →
Posted in News on January 3, 2023Cannabis Briefs for January 3, 2022
•The Food and Drug Administration says it will release its regulatory assessment for hemp and CBD products in the coming months, a move that should clarify the legal status of such products. Continue reading →
Posted in News on January 3, 2023
