California is gearing up to issue distribution licenses to marijuana businesses on Jan. 1, and many are scouting the state’s winemaking regions.
In fact, Sonoma County just hosted its first “Wine and Weed Symposium” to help wine and marijuana businesses connect.
Hosted by marijuana entrepreneurs, the event was designed to help those in the cannabis industry build bridges with longtime winemakers.
And it worked. In fact, it was a completely sold-out event.
"I think there's an opportunity for both industries to flourish in this community," said longtime winemaker Dennis De La Montanya to CNBC on Sunday (Aug. 13). Montanya is one of the many people who believe wine and weed will pair well as business allies.
We agree.
In fact, we’ve seen this story play out before.
Here’s a closer look at what this partnership could mean for the marijuana industry, winemakers, and most importantly, your wallet…
Marijuana Partnerships Mean Big Profits
Marijuana entrepreneurs and winemakers alike recognize that a partnership could bring in huge profits for both parties.
“I think I would be foolish if I didn't look at those opportunities," said Montanya. "This event looks very similar to one of my tasting events. And I see the same types of people here, same type of vibe."
Winemakers have the established presence. Marijuana growers have the value.
An acre of planted wine grapes is valued at $200,000, according to CNBC. But an acre of cannabis grown in northern California can be worth more than $1 million.
Special Report: Cannabis Is the Gold Rush of the 21st Century - 30 Stocks to Invest in Now. Read more…
And the region’s climate and soil make it the ideal place to grow high-quality marijuana, according to cannabis farmer Cyril Guthridge.
"We live in a very rare Mediterranean market, and Mediterranean climates lend really well to growing cannabis," said Guthridge to CNBC.
It’s a match made in heaven. The marijuana industry can grow its product in the perfectly adapted soil, and then take advantage of California’s well-established, $114 billion wine industry to make sales. Meanwhile, the wineries see increased foot traffic from clientele they may not have seen otherwise.
We love partnerships like these because in many cases, they present investors with the opportunity to profit from “pick-and-shovel” plays.
Pick-and-shovel plays allow you to benefit from the companies surrounding an explosive industry without overexposing yourself to the volatility that comes with budding markets.
For example, “Levi Strauss didn’t pull an ounce of gold out of the ground, but he sold dry goods and, of course, well-made, reasonably priced denim overalls to the surging crowd of gold seekers hitting San Francisco at the time,” said Money Morning Director of Technology & Venture Capital Research – and marijuana industry expert - Michael Robinson to readers on Aug. 2.
Today, Levi Strauss & Co. is a globally renowned brand (and a $4.5 billion company).
“In 2017, the profit potential in marijuana isn't much different… except for the fact that there's exponentially more money to be made,” said Michael. “And just like in the 19th century, this year’s pick-and-shovel cannabis plays will mint millionaires.”
Make no mistake: You can be one of them. And we’re here to help you every step of the way.
“Many pot entrepreneurs lack the knowledge and experience necessary to comply with all state and local regulations, from employment and labor laws, to inventory control, and everything in between,” said Michael. “That’s why I love Microsoft Corp. (Nasdaq: MSFT) in this space.”
Conservative estimates suggest California's new market will be worth $1.57 billion next year, before tripling by the early 2020s.
“And all the state's vendors are going to need the product that Microsoft is laser-focused on right now: its cloud-based services,” said Michael. “Now is the time to accumulate a bigger position.”
More details about Michael’s favorite pick-and-shovel marijuana play, here…
Editor’s Note: After nine months of exhaustive research, we’ve found the best, most lucrative, and fastest-growing legal pot stocks in America. They’re all in our 89-page “bible of weed investing,” The Roadmap to Marijuana Millions. And for a limited time you can get all the details for free. Go here to find out how to reserve your copy today...
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