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.
Consider, for example, three issues with an immediate impact whose ultimate resolution remains (and will continue to remain) largely unknown for several months or even years: [Read More @Forbes.com]