Report: California Craft Beer Boom Could Be Harmful to Wine Industry

As Americans buy more expensive beer, they could buy less wine.

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    California's craft beer boom may take a bite out of the state's wine industry, according to reports.

    Nationwide, sales of craft beer are up 23 percent, the Business Times reported, but are up 30 percent or more in cities like San Francisco and Portland.

    Americans are also buying more craft beer, and with each six-pack of IPA purchase, that could be "at the expense of bottles of Cabernet," according to to Wines and Vines.

    "High-frequency wine drinkers" are unlikely to be affected, the website reported.