Posted on March 1, 2017 | Fox News
Philadelphia’s recent move to implement a tax on sugary soft drinks has been the subject of criticism from both the city’s residents and the American Beverage Association. Now soda venders are popping their tops.
According to Bloomberg, some soda distributors and grocers are complaining that the soda tax has drastically reduced revenue from soft drinks, with some companies reporting decreased sales of nearly 50 percent since the tax went into effect on January 1.
Canada Dry Delaware Valley, a company that distributes several soft drinks in the area, claims to have seen a 45 percent decrease in business over the same time period in 2016, reports Bloomberg.