SF Chronicle: Silicon Valley Bank collapse is causing a financial crisis for California’s wine industry
Silicon Valley Bank was closed Friday by the California Department of Financial Protection and Innovation after a bank run by its venture capital customers. For nearly 30 years, the bank has been the go-to financial institution for the California wine industry. But now, an estimated thousands of wineries are locked out of their Silicon Valley Bank accounts — and they don’t know if, or when, they’ll get access to their money.
CWA Opposes Illinois Legislation Harmful to Small Wineries
The Craft Wine Association opposes Illinois House Bill 2399, a proposal that calls for the registration of third-party providers that ship wine to residents of Illinois on behalf of winery shippers. The legislation would create additional costs and complexities to an already complex system and be harmful to the wine industry.
Wine Searcher: Wholesalers’ Online Wine Claims Don’t Stand Up
In their ongoing battle to make sure they get a 30 percent cut of every bottle of wine, wholesalers like to publicize stings staged to demonstrate that underage people can order wine online. But an extensive study by one of the most widely used platforms to ship wine shows that real underage kids almost never actually try to order wine – and when they do, they're usually stopped right away.
Irish Liquor Lawyer: Direct shipping Debate: Divergent Data but somebody is right
So, the debate on whether increased DTC shipping will lead to increased alcohol access to minors, comes down to whether in real life minors are accessing the marketplace. Clearly the answer is no!
Study Dispels Myth of Minor Access to Alcohol Through Direct Sales
Vinoshipper, an online wine compliance and e-commerce platform, has released a first-of-its-kind study to show that by using technology for age-verification it is 100 percent effective at stopping illegal purchases of alcoholic beverages by minors. The study shows that direct-to-consumer sales are the safest way for alcohol to be sold and pre-purchase age verification software is a cost-effective and reliable way to block and measure minors' attempts to purchase alcohol online. It also clearly demonstrates that minors are not attempting to use online direct-to-consumer avenues in any significant number to secure alcohol.
VinoShipper report finds that minors are not utilizing the internet to access alcohol
A recent study by VinoShipper found that minors are not utilizing the internet to access alcohol. VinoShipper analyzed attempted purchases on its website and discovered over a three-year period (2020-2022) that of the 633,985 attempted purchases, only 943 attempted purchases were made by minors. In percentage terms, only 0.15% of all attempted purchases were by minors.