MENU: The Easy Way of Adding CBD Cocktails to Your Menu
What does the legalization and normalization of CBD mean for the restaurant industry? To answer that question, the best place to start is with what CBD doesn’t do. It DOESN’T get you stoned. It’s THC, the psychoactive ingredient in marijuana, that does that, and it’s responsible for movies like Cheech & Chong’s Up in Smoke.
Conversely, CBD IS a wonderful, naturally occurring substance that has well documented effects. Just look up Charlotte’s Web, the CBD strain that has changed the lives of many children afflicted by seizure disorder. Here’s how you can easily add CBD to your menu.
DID YOU KNOWS…
No Beer for You!
When neo-Nazi sympathizers were granted an event permit in the German town of Ostritz, the courts stepped in and ordered that the group couldn’t have any booze. On the first day of the festival, officers seized an estimated 4,200 liters of beer; Saturday they confiscated another 200 liters. Locals did their party, too, by buying up more than 200 crates of beer from local supermarkets. “We wanted to dry the Nazis out” might be one of the most metal quotes of the year. Also, why are Nazis still a thing in 2019?
The Price of Personal Information
As demands for some sort of tax that charges data-driven tech companies for the use of personal information are getting louder, the question is: how do you put a price on personal data? Morning Consult recently conducted a survey, asking Americans to evaluate several pieces of personal information. Asked what price they’d charge a company for access to items such as the mailing address, credit history or banking information, consumers revealed what experts deem unrealistic views of what their data is worth.
Will ESPN Renegotiate with AAC TV?
In March, ESPN signed a 12-year, $1 billion deal with the AAC. This past weekend, UConn announced it was leaving the AAC (partly due to the ESPN deal) and returning to the Big East, leaving the AAC without a key member and shedding some serious shade on ESPN’s deal with the league. ESPN does have a clause in the contract that allows them to open up the deal if a school left the conference, but ESPN is currently taking a “wait and see” approach to which school may replace UConn.
CHICKEN PROCESSORS: NO COLLUSION!
Why it matters to you: Did all the major chicken processors collude on their pricing?
In the past couple of years, we have written several times regarding the price of chicken wings and chicken prices in general. Most of us believed that increased demand for those dainty little chicken parts was due to increased demand and didn’t consider the possibility that four major processors were getting together to control prices. This is exactly the target of a Department of Justice investigation that halted evidence collection in a lawsuit against these processors for price fixing. Most operators are far too small to impact pricing via legal action, which is why things must have been bad enough that Walmart and Sysco (co-plaintiffs in the suit) filed in court to stop the conspiracy.
The chicken industry produces some 42.6 billion pounds of meat annually. The suit and DOJ investigation want to determine why, in the face of falling feed prices and a drop in international demand due to tariffs, chicken prices were the only meat that didn’t see prices fall? Both pork and beef saw prices slide in that time while chicken prices stayed stable. While we have no opinion as to the validity of any of the claims against the chicken industry, this is clearly a story that will impact almost 100% of our industry. If the chicken processors are found to have colluded, then you can imagine that some price relief on chicken might be in your future. Either way, it’s an object lesson in the economy of our food supply, which is central to your business management.
[Source: Wall Street Journal]
YOU MAD, BRO?
Why it matters to you: What criticizing AOC for being a bartender says about our industry.
Trigger warning: I’m about to share an opinion about Alexandria Ocasio Cortez (AOC). I’ll start by telling you what I like most about her. She makes both sides of the party system very anxious, and often times angry, but I adore her because she is one of us. That’s right, this young legislator got her beginnings in the restaurant industry and embodies the aspiration possible for people that come from our world. So, when she is criticized for being a bartender, as some sort of disqualification from the political system, it infuriates me.
Yes, I’ve met plenty of bartenders that weren’t qualified to be members of Congress, but that certainly doesn’t mean all of them weren’t. In fact, many of my favorite folks in our industry were bartenders, just as many of the most successful people in business spent some of their time behind the stick. To say that those people should shut up because they were “just bartenders” should be just as offensive. Would you have told a mid-20s Mark Cuban to shut up because he started as a bartender?
AOC is the exact embodiment of the best of our business. We give smart, curious and ambitious young people a place to learn the life skills that will inform them as they develop. Managing different personalities, listening to the stories of real people, and knowing that your own effort is central to the any success you achieve are among the best of what we provide. So, even if you don’t like her politics, I hope you can agree, she at least provides a spark of hope for all of us in the industry that aspire to more.