You are here

Home 🌿 Marijuana Business News 🌿 Marijuana In Wine Country? Not So Fast. Six Questions To Consider, With Answers TBD. 🌿

Marijuana In Wine Country? Not So Fast. Six Questions To Consider, With Answers TBD.

Submitted by Marijuana News on Fri, 11/11/2016 - 08:45

Let’s recap the numbers from yesterday’s post, the first in this series about marijuana in wine country and the impact of California’s approval of Proposition 64:

According to 2015 crop reports, the yield per acre in Sonoma County for wine grapes is approximately $8,500 per acre, and the yield per acre for vegetables is $24,000. The estimated yield for cannabis per acre is $8,200,000, or two orders of magnitude greater than wine grapes.

They’re the kind of numbers — and potential for profit — that could tempt all manner of businesses to rush in.

After speaking with various local growers, entrepreneurs, and government officials, however, there’s one clear response to that temptation:

Not so fast.

It’s indisputable that significantly more money can be made from recreational marijuana than from grapes, even at the level of high-grade Cabernet Sauvignon from Napa. That statement is true, however, under current market...

READ MORE: 
Forbes
e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 
Region: 
California
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.