Bull. Shit. They don't understand what is happening. The liberalization of distilling laws is changing the dynamics of the market. However uneven it will be, those areas that encourage it will lead the charge. In 10 years there will be cheap enough distilling equipment and enough training that new entrants to the market will have incredible market knowledge and experience. You can, even now, open a distillery for similar costs to a brewery. What you'll see is a proliferation of distillery brewpub style restaurants. Most likely you're going to start seeing more brewery/distillery or winery/distillery or triple brewery/winery/distillery. The hardest part will be distribution. If you plan on that for your business plan you're going to find it very difficult.
Think of it from a perspective of an existing brewery/winery. You can extend your product line for $50-$250k. Why wouldn't you? It's already many examples, and it's growing. There's ~7000 breweries, ~7500 wineries. How many distilleries will there be? 10k? How many stand alone vs combo? No idea. But when the equipment isn't that expensive and you only need to add 1-2 people a year, it quickly makes economic sense for a reasonable extension of the business.
Distribution will be come a mess. You can already see the trend - large players take bites of smaller players to see what takes off. Nearly the only way to get distribution outside of your region will be that way - or collective sales groups. Distributors will become overloaded and refuse most small players - or take them in and do nothing with them to placate the bigger brands. If it fails it won't be a huge loss to them. It's called portfolio effect for the VC crowd.
A tough business will only get tougher.