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Colt 45 Premium  In 1991 Colt 45 Premium replaced Colt 45 Power Master after Power Master was pulled from shelves 4 months following its release due to the government deciding the name promoted the strength of the beer, which is illegal. I don't think Colt 45 Premium lasted much, if any, longer than Power Master. Thank you to 40oz Crew member satan165 for this rare bottle. Reviews | Return |