In all my years and living this close to Kentucky bourbon country I have never heard of Allocation Day. Then again, I am not a big whiskey drinker either. Every now and again I like some Irish Whiskey, but mostly cheap beer guy here.
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It would be dangerous for me if I lived as close as you do. I know some of the distilleries down there have special days that they release bottles to the public. Buffalo Trace for example has a rotating schedule you can look up each day.