Wine Club Newsletter - October 2018
Watching the Green
The alcohol industry keeps its eyes on Cannabusiness as support for legalization grows
Here is a fascinating perspective on how the huge industry of alcoholic beverages is eyeing the fast-growing cannabis industry. (GP)
It’s no surprise that the alcohol industry giants are keeping close tabs as newsworthy as legal cannabis, especially as it continues to gain ground across the United States. Considering there’s a lot of money to be made in this emerging marketplace, news of established beverage companies publically eying cannabis continues to grab headlines.
Such was the case in mid-July, when newsfeeds lit up after the Wine and Spirits Wholesalers of America (WSWA) – among the industry’s most influential voices – announced its support for the legalized regulation of cannabis in the U. S.
It’s big news for sure, but don’t expect WSWA to make its own foray into the cannabis just yet.
“Our postion is that if your state is going to legalize cannabis, Congress and the federal government should give them a path to do so.,” says Dawson Hobbs, the organizations acting Vice President of External Affairs.
Instead, as Hobbs explains, WSWA aims to send a message that “legalization is here to stay and following regulatory model similar to alcohol will help resolve the conflict between state and federal laws.”
“What is not good for communities is an unregulated marketplace,” he adds. “The best thing would be to have the market regulated in a safe manner. Take alcohol for example – counterfeit product is almost unheard of, thanks to these regulations. Don’t we also want to offer the safest cannabis marketpalce in the world?”
Of course, the alcohol industry’s eyes are also on its own bottom line, as fears of legalization potentially cannibalizing consumers and revenues have churned around for several years now.
“The data is inconclusive,” admits Hobbs. “Some studies show it competes, some say there’s no effect, and some say it’s complementary and can even help alcohol sales.”
One supplier seems to be taking anxiety out of the equation by jumping in feet first: In early August, Constellation Brands made a $4-billion (yes, that’s billion with a “b”) investment in Canadian cannabis company Canopy Growth. If that’s not aking the bull by the horns, then we don’t know what is.
The Tasting Panel
Cabaret of Cabernets
Saturday, October 27
Our next Walk-Around Tasting will be a Cabaret of Cabernet featuring show-stopping, lyrical Cabernets from all over the world! We will be pouring 15 different wines and will also be offering a special VIP Premium Bonus Table experience that will feature Cabernet Sauvignons from the 1980’s!!!
$35 per person / $30 Club Members
(The Bonus Premium Table will be an additional cost)
Stars and cost of the Bonus Premium Table...Coming Soon!
Le Grande Champagne Tasting
Saturday, November 10
(Time to be determined)
This is our biggest event of the year! We throw one of the most grand Champagne and Sparkling wine tastings around! This event will include a special Tete de Cuvees table from the world's most renowned producers (price determined in a few weeks for both the general admission and the Tete de Cuvees table).
Deep discounts on all our Champagnes and Sparklers will be in effect for this day only! It's the ideal way to stock up for the Holiday Season!
Reminder! Sparkling Champagne Club Members will get VIP early access to the event!
For more information, about these and other upcoming events, check out here