Why Large 2-Liter Mountain Dew Bottles Are Disappearing from Philadelphia Shelves
The Philadelphia Beverage Tax aims to raise $91 million annually.
On January 1, Philadelphia instituted a beverage tax that adds 18 cents to the cost of a 12-ounce drink, $1.08 to a six-pack and $1.02 to a two-liter bottle. Pepsico told TheStreet that its beverage sales are down 40% in the city.
READ MORE:Large Pepsi Bottles Are Now Vanishing From One Soda Tax Battleground City as Sales Crash
This article was written by a staff member of TheStreet.
