Monthly Archives: February 2022

Beer Opposes Maryland Bill to Cut Tax on Spirits-Based Canned Cocktail

Posted on February 24, 2022 by Joel Whitaker

Testifying before the Maryland House Ways and Means Committee, Jim McGreevy, president/CEO, Beer Institute, said the proposal would result in a loss to the state treasury of $21 million over the next five years. He challenged the fiscal impact statement published ahead of the … Continue reading →

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Who & What —

Posted on February 24, 2022 by Joel Whitaker

Distilled Spirits Council of the United States (DISCUS) hires Andrew O’Neil as International Trade Policy Manager.  He joins from the Embassy of Canada in Washington where he analyzed U.S. trade and economic developments.  He started his career as a trainee with … Continue reading →

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What We’re Reading —

Posted on February 24, 2022 by Joel Whitaker

Smoke on the Vineyards: Wine Industry Looks for Solutions to a Continuing Problem The solution won’t be easy or cheap.  (Yakima Herald Republic) The Texas Wine Industry Is Just Getting Started. Grape Farmers Say the End Is Near. A toxic … Continue reading →

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Molson Coors Net Sales Up 6.5% in 2021, Returns to Profit

Posted on February 23, 2022 by Joel Whitaker

Molson Coors Beverage Co. reports net sales rose 6.5% in 2021 to $10.28 billion, the first time in a decade that the company posted full-year revenue growth. Net income reached $80 million, reversing a $1.37 billion loss a year earlier. The … Continue reading →

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Campari Group Sales Up 22.6%, Profit Surges 52.4% in 2021

Posted on February 23, 2022 by Joel Whitaker

Compared to the full year 2019, which represents the unaffected base with regards to the Covid–19 impact, the organic growth was +20.5%. The positive net sales organic growth continued in the fourth quarter, up +20.9%, despite the challenges of logistic … Continue reading →

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DISCUS Urges Maryland to Slash Tax on Ready-to-Drink Cocktails

Posted on February 23, 2022 by Joel Whitaker

The problem is “Maryland spirits consumers are forced to pay much higher taxes for a spirits-based RTD product even if the product has the exact same or similar amount of alcohol as an RTD made with malt, sugar or wine,” … Continue reading →

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