Passed by Congress in 2017 as part of the Tax Cuts and Jobs Act, the Craft Beverage Modernization and Tax Reform Act (CBMTRA) created a two-year provision for Federal excise tax relief to craft brewers who produce fewer than two million barrels (bbls) annually.
The spirits industry must challenge itself and “ask if we’re doing enough” to reduce the risk of alcohol-related harm, the Portman Group has stressed.
According to the National Highway Traffic Safety Administration (NHTSA) drunk-driving crashes claim more than 10,000 lives per year (1). Not only are these people liable for their actions, the establishments where they were drinking are also susceptible to punishment for over-serving clientele who then injure a third party.
According to a recent study by global market intelligence company Fact.MR, U.S. craft beer brewers are adapting to new realities of the industry’s mature landscape. Beer enthusiasts continue to support local independent and small community craft beer aficionados, and pressure on distributors has intensified with increased competition, according to The Brewers Association’s chief economist.
San Francisco (CNN Business)Constellation Brands just cut bait on a billion-dollar craft beer bet that fell short of expectations, but the seller of Corona and Modelo in the United States says it plans to ride out an even heftier investment in cannabis -- even though it, too, hasn't panned out as initially hoped.
The Gin Guild has raised concerns over the growing popularity of micro-distilling and “hobby-style gin schools”, and warned new distillers about the explosive risks that come with using ethanol.
VILNIUS, Dec. 3 (Xinhua) -- Prices for spirits and fuel are set to rise in Lithuania following the increase in excise duties for 2020 approved by the Lithuanian parliament on Tuesday, local news agency Elta reported.
It was hard to look anywhere on social media this summer without seeing someone grasping a can of the sparkling, sparsely flavored, adult beverage sensation called White Claw.
Brew Dr. Tea Company’s play in the spirits space is coming to an end — for now. The Oregon-based company announced in an Instagram post last week that it will close down its Townshend’s Distillery business on December 23.
For the second time in four years, Ballast Point — a San Diego craft beer pioneer that became one of the areas’s largest breweries — has been sold.