Bourbon's rise in popularity has been a monumental shift in consumer behavior, but the reality is that it could all come crashing down really quick. Ryan, Fred, and Kenny spend some time on this episode and think about what are those threats to bourbon? We all have ideas on why it became so popular but what are those outside influences that we have no control over? Fred gives a brief history on the bourbon glut era and that starts spurring other ideas that could hurt bourbon's popularity such as overzealous health advocates, new spirits on the rise, government taxes, or the next generation of consumers?

Show Notes:

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The stock market and the bourbon market share one thing in common. They are both impossible to time. If you get in at the right time, maybe you don't have to wait tens of years to make a return on your investment, but if you're too late then you could see a decline. However, in bourbon, there seems to be one person that has time working in his favor, and that's Dixon Dedman. We invite Dixon to come on the show for a third appearance to talk about a few things because it seems like his timing is always perfect. He sold Kentucky Owl to Stoli after being on the market a short period of time, but now that he is officially done with Kentucky Owl we ask him about how he feels and what he learned through the process. After leaving Stoli, he worked with The Brindiamo Group, who we also had on the podcast back on episode 182, and he worked for them for a short period of time where he got an inside glimpse into brand and investment consulting. And now, he's launching his own brand called 2XO which is perfect in this current climate when bourbon is hot and double barreling might be even hotter.

Show Notes:

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This episode is another Bourbon Pursuit milestone. It's episode 400! Well, it's technically number 668 if we include Whiskey Quickie and This Week in Bourbon, but let's not get into the details. On this Bourbon Community Roundtable we cover two topics in depth. First is the news blitz of the whiskey fungus articles focused on Jack Daniel's. If you've driven past any distillery in the past 100 or so year, you would have seen this everywhere. It also pops up in the news every year, but why is it just now making national headlines? I also ask the group if there is anything the distilleries can do to get in front of this to avoid any negative PR. The second half of the show dives into House Bill 5 that attacks the Kentucky Ad Valorem tax, in which Kentucky is the only state that taxes barrels aging and resting. We look at what this means for citizens that benefit from the tax and if we feel distilleries are already taxed enough.

Show Notes:

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Love it or hate it, spirit competitions are here to stay. They have such an important impact on marketing and can put a small shimmer of light on a new and upcoming brand, or it changes the course and turns a brand such as Henry McKenna into an unobtainable. In this episode, Fred Minnick and Kenny Coleman talk about multiple facets of spirits competitions because we have now lived it. We're both enthusiasts like you so we care what bourbons come out on top, Fred has been a judge forever and now has his own competition called the ASCOTs, and we have our own brand with Pursuit United that has been entered and done favorably in many competitions. Fred and I analyze all these angle about talk about the "pay to play" scenario and how people are selected to be judges along with the best way to enter a competition as a brand owner.

Show Notes:

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