https://hightimes.com/news/study-people-prefer-legal-weed-alcohol/
Checkout a few prices of beer/alcohol stocks:
STZ-At roughly $222, Constellation stock is trading at over 25 times earnings, and it is up more than 48% over the past 12 months. After this impressive performance, the stock's average 12-month price target of around $245 suggests upside of around 10% from current levels.(tweed)
BUD-After hitting highs above $126 in October, the brewer's stock saw several months of declines, bottoming at around $110 in December and ticking upward into the new year. At current levels of $114.33, this beer stock is not cheap, with a steep P/E ratio of 41.59. AB InBev is also a strong dividend payer, with a current dividend yield of 3.53%. There is roughly 12% upside potential to the stock's average price target of $128.35.(aph)
Molson-At a current price of $83.63, the stock trades at a P/E ratio of 8.07. The share price is down approximately 15% over the past 12 months. However, with an average price target of $96.82, there are expectations for a gain of almost 16% over the next 12 months. For the most recently reported quarter, which ended Sept. 30, 2017, Molson Coors' revenue and earnings ticked downward on a year-over-year basis. (See also: Soft U.S. Sales Weigh Upon Molson Coors' Q3 Earnings.)(aurora)
Craft Brew Alliance, Inc. (BREW)
If you're a beer drinker, you know that craft brew is a driving force behind beer's growing popularity over the past few years. The Craft Brew Alliance is an Oregon-based company that focuses on bringing American craft beer to market. Its portfolio includes the Kona, Red Hook, Widmer Brothers and Omission brands. It is definitely a smaller player, with 2016 revenue of just over $202 million.
Craft Brew Alliance shares soared by more than 17% in early November 2017 after the company issued a solid quarterly earnings report for the period that ended Sept. 30, 2017. Investors appear bullish on the stock given the robust performance of the Kona brand and the company's strong fundamentals. Currently at $19.45, the stock is trading at a high P/E ratio of 216.11, reflecting strong growth expectations. (See also: Craft Beer Saw Double-Digit growth.
( doja )
I for one would rather buy a half bag then a case of beer....and is the case with majority of people i find...hangovers/bad decisions/lawyer bills/fights/spotty memory/shrivelled up liver...this are all results of a night out of drinking...dont get me wrong i love to get drunk every once in awhile but day to day weed/edibles/concentrates will dominate beer/wine/spirts sales combined...dont believe me look it up!....
and last time i checked they dont prescribe alcohol as medicine to treat deadly diseases with its healing properties...thats a whole nother ball game in its self .....