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    <title>COVID IMPACT ON ALCO BEVERAGES SECTOR</title>
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    <description>States introduced temporary COVID related taxation and operational restrictions that, together with supply chain and demand shocks, depressed revenues and margins across the alco beverage sector. Most state excise regimes still prohibit online sale and home delivery, but limited pilot permissions point to a regulatory opportunity: if states amend excise rules to permit e commerce and home delivery, distribution channels and market dynamics could be materially reshaped.</description>
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