Will Legal Marijuana Create New Restaurant Opportunities?

Will legal marijuana create new restaurant opportunities?“If you’ve been to a food conference lately you’ll notice there’s at least one session talking about cannabis, CBD, cannabinoids, or whatever term we’re using now. I’ve been to two conferences in recent weeks that addressed the topic and I’m writing this post while in California, where voters legalized recreational use of marijuana via referendum in 2016. Therefore, I have pot on the brain — so to speak.

At NPD we’re always analyzing how trends affect the food and beverage industry and if you talk to a — what shall we call them, “pot enthusiasts” — you’ll know food plays a major role when they use marijuana. This can be from how they ingest the marijuana to the munchies leading them to eat a variety of indulgent foods.

We took a look in our SnackTrack information, which monitors the consumption of ready-to-eat, convenience-oriented snack foods in the U.S., to see if there are changes since legalization occurred. In those states that legalized recreational marijuana, brownie consumption has increased a whopping 107 percent compared to pre-legalization times. Chewy candies, which had a stable consumption level for years, grew by 17 percent after legalization, and fruit snacks also increased after legalization.

I’m not sure yet if this is a result of the munchies, pot brownies or gummies, and all I can fully say with confidence is these changes are correlations. However, these correlations are in line with what we’ve known anecdotally for some time about recreational pot usage and can point to growth opportunities should more states allow it.”

Read more here.

WeWork Ventures into Coffee Retail with Bluestone Lane Partnership

WeWork coffee bar

“The popular co-working and office space provider WeWork today unveiled Made by We, a public retail concept that includes a full cafe from New York-based and self-described “Australian-inspired” coffee chain Bluestone Lane.

Located at 902 Broadway in the heart of Manhattan’s Flatiron district, the Bluestone Lane bar stands at the center of the new concept from WeWork umbrella company The We Company, which signaled an intention to open more retail locations in the future.

While the Made by We location includes 100 bookable individual workspaces and meeting spaces for groups, it varies from other WeWork locations in that a subscription or booking is not required to enter.

In addition to Bluestone Lane, there are other vendors within the retail space offering items like snacks, apparel and digital accessories. Bluestone Lane said it is including its full extensive coffee and espresso drinks menu, along with its freshly prepared toasts, and grab-and-go items including gluten-free pastries from Husk Bakeshop.”

See more here.

NYC Holiday Pop-Ups Bars Opening This Season

Frozen Peppermint Slide at Industry Kitchen

Industry Kitchen

The South Street Seaport restaurant will channel a winter chalet and features special dishes like a “gingernut pizza,” made with ginger crust, eggnog frosting, spicy pecans, candy canes, and sprinkles. Drinks include a large format frozen cocktail made with Baileys, candy canes, peppermint bark, and pretzel rods. The spiked hot chocolate has Nutella. Now open at 70 South St.

View more here.