Economic impact of wine in Colorado
Denver, Colo.—The economic impact of Colorado’s wine industry has been pegged at more than $144 million, according to a report commissioned by the Colorado Wine Industry Development Board. Conducted by Colorado State University’s Department of Agricultural and Resource Economics, the report also found that more than 5% of the money spent by state residents on wine is for local products. The report also states that Colorado wine sales surpassed $28 million in fiscal year 2013 and that the industry has seen a 27% growth in volume and 65% growth in value over the past five years. Details: coloradowine.com.