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fromBoston.com
4 weeks agoCraft breweries struggle as sales and appetites wane
Small-batch craft breweries are closing nationwide due to declining sales, rising costs, heavy debt burdens, and consolidation by larger beer companies.
Colorado is home to 456 craft breweries down from a peak of 468 in 2023 ranking fourth nationwide in 2024, according to the Brewers Association (BA), which hosts GABF. Those breweries produced a combined 779,338 barrels of beer and generated $2.5 billion in economic impact for the state, according to BA data. Closings accelerated in 2024, when there were 41 compared to 35 in 2023.