Is craft beer in a bubble?

Over the past six years, the number of craft breweries operating in the U.S. has more than doubled. By the end of the year, experts say, there will be a new craft brewery opening in the U.S. every 12 hours.

For beer lovers hoping to try something new, that’s seemingly good news. But brewers and other insiders are growing increasingly concerned about the state of their industry. Expansion, after all, is good – but uncontrolled expansion could be a warning sign of a craft beer bubble.

“I think we’re nearing a crisis point,” says Matt Cohen, owner and brewmaster of Fiddlehead Brewing and a 16-year veteran of the craft beer industry. “I think there are a lot of people getting into [the industry] that either don’t have experience and have never worked in a brewery or just see it as a way to make money. You can be successful at it, but it’s a very difficult way to make money.”


read more on fortune.com