California Firm Finds A New Way to Profit from Prohibition
The insightful blog: Knowledge Problem has posted an interesting story about a new wine storage company called 55 Degrees.
Fifty Five Degrees facilitates your wine storage by allowing you to rent shipment receipt and storage services from them, and then when you ship your wine into a non-reciprocal state, you are shipping it to yourself, and it does not count as commercial interstate wine shipment.
Although many wineries are not allowed to sell and ship you wine, they can sell you wine that you then store at the climate-controlled facility in St. Helena that 55 Degrees owns. Basically, this allows the customer to pay a premium to avoid the contraints of the massively over-regulated industry. Other benefits include longterm wine storage for wine collectors and vintage wine investors and increased supply for wine clubs.
Knowledge Problem Comments on 55 Degrees Wine Storage Company
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