10 Craft Beers That Aren't
1. Magic Hat Brewing
Why it's not craft: "Imported adjunct beer sales exceed domestic production"
Much as we explained earlier, Magic Hat isn't craft in the Brewers Association's eyes because it sold out to the man.
Even that probably wouldn't have been such a big deal if it hadn't come from such inherently crafty beginnings. Magic Hat is brewed in Burlington, Vt. Its beers have individually designed labels and names such as Circus Boy, Vinyl, Hex and Blind Faith. It has its own music festival in Vermont. Its No. 9 apricot ale was many a college student's gateway away from 16 packs of swill into better brew.That began to change when it bought up Pyramid in 2008, but really took at turn in 2010 when North American Breweries staked its claim. Its lineup became more standardized, favorites such as its Jinx Scotch ale and Humble Patience Irish red faded away and even fairly open-minded craft beer lovers noticed a distinct turn for the bland. While other craft beers have seen sales soar in the past five years, Magic Hat and Pyramid combined to sell 336,000 barrels in 2011. That's up from 332,000 a year before but is equal to the 336,000 it sold in 2008. By comparison, Deschutes Brewery in Bend, Ore., is just behind Magic Hat and Pyramid with 223,000 barrels sold in 2011, but increased sales from 182,000 in 2008. Since Magic Hat's been guzzled by an international conglomerate, it's uncertain what the future will hold for the brand and its craft beer faithful that have been following it since 1994. What is certain, however, is that Magic Hat's predicament is exactly the type of thing that leads to craft/non-craft declarations such as the one the Brewers Association just made. -- Written by Jason Notte in Portland, Ore. >To contact the writer of this article, click here: Jason Notte. >To follow the writer on Twitter, go to http://twitter.com/notteham.
>To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV