Could the growing push to legalize marijuana ruin the buzz for fast casual restaurants?
That’s per a research note by Buckingham Research analyst John Zolidis.
While Alaska, Colorado, Oregon and Washington have legalized recreational use of marijuana, and Arizona, Nevada, California, Maine and Massachusetts have ballot initiatives next week, Zolidis writes, pot isn’t legal for use in eating establishments — although people often use it as a substitute for alcohol, which is a big money-maker for restaurants.
At this point, the only eateries likely to benefit from more people having the munchies are pizza joints and other places with good delivery service.
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