Even though alcohol is a great social booster, an individual’s devotion to the drink can occasionally cause social hazards and troubles especially if it is not correctly leashed during his early 30s.
Binge drinking, on the other hand, is defined as several alcoholic cocktails consumption in just a short period of time. In fact, it is considered one of the increasing trends in the state’s pursuit of self-loathing and numbness. On the other hand, a controversial phenomenon was triggered – countries who legalized the use of marijuana have seen a deterioration in this risky alcoholic behavior.
However, according to the latest report from Wall Street’s investment firm Cowen and Company, the rate of binge drinking dropped in the states, wherein the use of marijuana is legal. In addition, it is stated, that seven out of nine countries that permit a legal consumption of cannabis, experienced 13% less binge drinking than the states, which has banned cannabis. In fact, the number of binge drinking gatherings per month was -9% below the state average.
California and Nevada are two states, where cannabis is legal, that have higher rates of binge drinking. On the other hand, the Cowen & Company predicts a rapid decline for the two states as well, given the past practice as stated in the report.
Generally, in states with legalized recreational cannabis, binge drinkers consumed six alcoholic drinks per binge while in non-cannabis states they consumed 7.4 drinks.
The Effect Of Marijuana On Alcohol Consumption
In the United States, binge drinking is considered one of the biggest issues. As stated by the Center of Disease Control and Prevention, more and more individuals are binge-drinking on a regular basis. In 2015, one in every six, or a total of 37 million Americans, were identified as weekly binge drinkers.
The Cowen & Company, however, formerly publicized an evidence, stating that the legalization of marijuana has a big impact on alcohol consumption. Though an investigation report, that was released last 2017, found out, that the consumption of beer in states with legal recreational cannabis has dropped.
Even so, in a separate analysis from earlier this year, the legalization of medical marijuana was found to be related to the deflation of alcohol consumption.
Nevertheless, the alteration from alcohol to cannabis is somewhat related to someone’s ever-changing attitude, mostly among early adults, concerning the welfare of cannabis. Actually, 50 percent of the whole millennials said that they would be replacing alcohol with marijuana. Furthermore, Americans also believed that marijuana is safer to consume than sugar, tobacco, and, of course, alcohol. Aside from that, more than one in every 4 beer drinkers has switched to marijuana according to a study from Cannabis Consumer Group. While in Aspen Colorado, the marijuana sales, on the other hand, are now surpassing alcohol sales.
50 percent of the whole millennials said that they would be replacing alcohol with marijuana
However, it was also stated in the Cowen & Company report reads that it was regularly debated, that alcohol and cannabis are temporary lubricants. But they clarified and undoubtedly pinpointed, that alcohol will remain more popular in the United States.
Either way, Cowen & Company’s analysts expect that the cannabis market will continue to develop, further reducing alcohol consumption. Their newest report found out that their early forecast had undervalued the size of the national marijuana market. However, it was estimated, that by the year 2026, the marijuana industry will reach $50 billion.
Additional Information About Cannabis
As of 2018, 29 states have permitted medical marijuana. Washington D.C and other nine states have also legalized recreational cannabis. Even so, it is expected that the marijuana reform will continue to expand in other states together with Oklahoma, where constituency members will get to choose on a medical cannabis measure this coming summer.
According to Cowen & Company, the cannabis industry has already reached its mark despite that fact, that the use of marijuana in some countries is still illegal.
On the other hand, as more countries legalize the use marijuana whether it is for recreational or medical purposes, there is no doubt that the rates of binge drinking will continue to deflate even more.