Wine Country Could Soon Be Weed Country
Now that recreational cannabis is legal in the state of California, the new gold rush has begun. The marijuana industry promises to be a boom for several and many are looking to get in now.
A perfect example of this is currently taking place in wine country. Grape farmers and marijuana investors alike are looking yield big profits by turning vineyards to cannabis farms. This is because of the air, climate and fertile land which are perfect for growing grapes and consequently marijuana.
For this reason, investors are snatching up old winery’s and convert them to marijuana grow operations. While taking on such an endeavor can be a lengthy process, it could also be very profitable.
President of the Sonoma County Farm Bureau, Steve Dutton’s viewpoint is this:
As a sustainable farmer you have to be willing to change with the market, and with the crops that are profitable
The opportunities for would be marijuana farmers are ripe in the fertile soils Sonoma, Mendocino, Humboldt & Trinity counties. Humboldt and Mendocino County already have legendary reputations for growing the bed buds in the pot smoking community.
An additional benefit of California’s recreational legalization would be an increase in marijuana tourism. Experts say that if the trend continues it will quickly soar to the top of the region’s multibillion-dollar wine tourism industry. Some California winegrape farmers have already begun to look at cannabis as a new financial opportunity.
When you look at the numbers, their interest is completely understandable. According to a new wine industry analysis by John Bergman, a longtime real estate broker specializing in vineyard estate sales in Sonoma and Napa counties, “an acre of grapes in Sonoma County is worth $75,000 on the low end to $185,000 on the high end. In neighboring Napa County, an acre is worth somewhere between $55,000 to $365,000. An acre of marijuana, however, is worth $1.1 million, per industry estimates”.