In the US states that legalize hemp, the number of alcoholics has decreased
According to Cowen’s investment firm, 11% fewer alcoholics are registered in the US states that legalize recreational hemp than in regions that have not lifted the ban on cannabis. Analysts at the firm belief that many Americans prefer marijuana over alcohol.
Alcohol consumption falls in the USA
The U.S. Centers for Disease Control and Prevention said 17% of Americans abuse alcohol. Residents of regions where smoking marijuana is allowed are 9% less likely to get drunk (compared with the national average). For example, 15.6% of Washington’s adults drink at least four piles of spirits once a month. Given the entire US population, this figure reaches 17.4%.
Hemp is the most popular among millennials. Representatives of this age group are switching to marijuana with alcohol, because they believe that cannabis is safer for health and costs less. 14.6% of Americans have used cannabinoids at least once in the past year. Moreover, in the states that legalized the plant, this figure reaches 20%, and in the regions supporting the ban on cannabis, only 12%.
Legalization of cannabis in Canada did not affect the alcohol industry
A professor at Brock University said that residents of the Canadian provinces with the highest consumption of cannabis continue to drink alcohol in the same quantities as before legalization. In his opinion, this paradox is due to the fact that people are used to spending time with a glass of wine, and not with a jamb in their hands. Therefore, the launch of the trade-in cannabinoid drinks will lead to a drop in alcohol sales. Cannabis-based foods were legalized on October 17, 2019, however, authorities will issue licenses for the production of goods no earlier than mid-December.
Statistics Canada reports that in the first quarter of 2019, 18% of Canadians over the age of 15 years (5.3 million people) smoked marijuana. In the same period last year, this figure was 14%. Aphria employees predict that marijuana will account for 60% of the total cannabis trade, vaporizers will occupy 20% to 30% of the market, and the remaining 10-20% of the company’s income will come from the sale of cosmetics and food.