206 - What Impact Will Marijuana Have on the Bourbon Industry? With David Ozgo, Chief Economist at Distilled Spirits Council, and Clay Busch, Vice President of Heavy Grass

Bourbon Pursuit

Hobbies, Food, Arts, Leisure

4.9 • 866 Ratings

🗓️ 20 June 2019

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You can't discount the impact marijuana is currently having on states that have legalized recreational use. There's now more research and funding looking at the impact of marijuana not only from a medicinal use, but also economic footprint that funds many city and state government initiatives. Of course, liquor industries are curious and want to make sure this doesn't hurt sales. Will it? I don't know, but today's guests do. David Ozgo, Chief Economist at Distilled Spirits Council and Clay Busch, Vice President of Heavy Grass join the show to talk from their respective sides. Those advocating widespread legalization helps everyone, and those taking precautions for its hurting sales of the spirits business. Show Notes: This week’s Above the Char with Fred Minnick talks about Kentucky state pride. What's your connection to bourbon? Give us some background on your organizations. Do you encourage smoking weed to harness creativity? Is there a concern from the Distilled Spirits Council with the combination of marijuana and spirits? Let's discuss consuming responsibly. Should brands try to align themselves with marijuana? Tell us about the research the government is doing on marijuana? How would spirit companies use marijuana in their portfolio? What is CBD compared to marijuana? Do you think marijuana has an impact on the spirits industry? Are people worried about marijuana impacting spirits? How do national companies handle marijuana use with employees that live in legal states? What do you think about experimentation of marijuana in spirits? What is your goal in regards to marijuana? What are your thoughts on hemp? Are they worried about the spirit or their pocket books? How can you pair marijuana with whiskey?

Transcript

Click on a timestamp to play from that location

0:00.0	well now my fire alarm's going off i don't know if you hear it it's all good unless he's burning for
0:07.2	god's sake yeah this podcast was so hot guys we torched me apart of it this is episode 206 of Bourbon Pursuit.
0:24.8	I'm one of your host, Kenny, and as usual, a little bit of news.
0:28.7	We've announced here on the podcast of all the distilleries on Kentucky having multiple million and billion-dollar expansions because the bourbon boom isn't stopping.
0:39.1	It's not slowing down.
0:40.4	And in 2016, Buffalo Trace began making their progress on its $1.2 billion infrastructure investment.
0:48.6	This started off with four new barrel warehouses in a $50 million bottling hall that is now nearing completion.
0:55.3	New barrel warehouses, double A, double B, double C, and double D have been built and are filled
1:01.3	with barrels that will continue to age, which will eventually fill around 70 million bottles of
1:07.7	whiskey.
1:08.6	Now, this is all located on what's called Whiskey Farm, which is a 200-acre
1:12.5	plot of land adjacent to Buffalo Trace. The fifth new warehouse, Double E, is taking shape
1:18.3	with constructions of number six and seven that will be planned for the end of 2019. Each of these
1:24.4	warehouses are unique because they are heat cycle during the winter months.
1:28.3	Even with its limited stock and having to wait for age do its thing, Buffalo Trace is committed to not raising prices or diluting proofs to fill more barrels.
1:38.3	Last week on the roundtable, we discussed, would you ever drink a marijuana-infused bourbon? Well, this show takes it
1:45.9	kind of in a whole new direction. You can't discount the impact that marijuana is currently having on
1:51.5	states that have legalized recreational use. There's now more research and funding looking at the
1:57.7	impacts of marijuana not only from a medicinal use, but also its
2:01.5	economical impact. Of course, liquor industries are curious and they want to make sure that
2:07.4	this isn't going to hurt their sales. But will it? Who knows? But I can't be that expert,
2:13.7	so we're going to find out from our experts today. So we have David Osgo, the chief
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Bourbon Pursuit, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Bourbon Pursuit and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.