Alcohol Industry Bankrolls Fight Against Legal Pot
The vested interest is obvious, so I expect to hear a lot of motivated reasoning and see a lot of incomplete or outright false statistics. Maybe some forged leaked documents, as described in the previous post.
Lee Fang reports in The Intercept:
The fight against legalized pot is being heavily bankrolled by alcohol and pharmaceutical companies, terrified that they might lose market share.
On the heels of a filing last week that revealed that a synthetic cannabis company is financing the opposition to legal marijuana in Arizona comes a new disclosure this week that a beer industry group made one of the largest donations to an organization set up to defeat legalization in Massachusetts.
The Beer Distributors PAC, an affiliate that represents 16 beer-distribution companies in Massachusetts, gave $25,000 to the Campaign for a Safe and Healthy Massachusetts, tying it for third place among the largest contributors to the anti-pot organization.
William A. Kelley, the president of the Beer Distributors of Massachusetts, did not respond to a request for comment, but his organization’s decision to oppose legalization is hardly unique in the alcohol industry.
In Arizona, one of the five states with marijuana legalization ballot measures this November, the Arizona Wine and Spirits Wholesale Association donated$10,000 to a group opposing legalization. In 2010, the last time California considered marijuana legalization, another alcoholic beverage distribution group provided financing to a law enforcement-backed campaign to defeat legalization.
The alcohol industry is nowhere near unified over pot policy, however, with several craft brewing firm welcoming laws that relax restrictions over pot.
Securities and Exchange Commission filings reveal that heavyweight alcohol companies have disclosed to investors that pot could pose a challenge to their bottom line. . .
Marijuana is harmless and legalizing reduces use of an addictive, health-destroying drug that can kill with a single overdose (as various undergraduate hazings gone wrong demonstrate every year). That sounds good for the public, to me, though (obviously) bad news for the merchants of death. The change is to the public’s benefit, but the alcohol industry cares not a whit for public benefit: it’s all very nice that people will be better off, but our profits will take a hit! That is simply not to be tolerated, whatever other benefits accrue.