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Stock impact report

Is The Duckhorn Portolio, Inc. (NAPA) A Good Wine Stock to Buy Now? [Yahoo! Finance]

The Duckhorn Portfolio, Inc. (NAPA) 
Company Research Source: Yahoo! Finance
Over the last few decades, winemaking has become immensely popular in America as both a business venture and a hobby. When prohibition passed in 1920, the popularity of winemaking plummeted and would stay relatively obscure for half a century. However, the turning point for American wine occurred on May 24, 1976, when some California producers entered their vino in a blind tasting, comparing California wines with French. The judging panel was exclusively French, so it was a shock when Californian wines were ranked the highest in both of the competition categories – Chardonnays and Reds. The results of what became known as the Judgment of Paris were reported in Time Magazine, thus attracting international attention towards premier wines from the Golden State. That year marked the beginning of an American wine renaissance, and today there are over 11,600 wineries in the U.S. that offer an incredibly diverse selection of wines. READ ALSO: 20 Largest Publicly Traded Liquor Companies in Show less Read more
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