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Beer may need to watch its back. A new report from financial services firm Cowen and Company says beer sales have been dropping in markets where marijuana is now legal. Vivien Azer, the managing director and senior research analyst at Cowen, says the beer business isn't booming in Colorado...

Legalized marijuana is harshing the buzz of three longtime craft beer meccas, according to a new report from Cowen and Company. In Colorado, Oregon and Washington, where recreational cannabis use has been legalized, the beer business is underperforming, according to Vivien Azer, Cowen and...