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Tag: TTB

Afternoon Brief, January 9

Afternoon Brief, January 9

Constellation Brands Plunges Most in Six Years on Forecast Cut: Constellation Brands Inc., the alcohol giant betting big on the cannabis industry, plunged the most since 2013 after the company cut its profit outlook and indicated its beer business is slowing down…

By January 9, 2019 0 Comments Read More →
Afternoon Brief, January 8

Afternoon Brief, January 8

Napa County Winery Permit Enforcement Deadline Spurs Scramble for Professionals: Napa County is undertaking a sizable effort this year to tighten enforcement of limits on how much local wineries can grow. But with less than three months until a deadline to file for permit modifications, there’s growing concern among the small cadre of professionals usually tasked with such documentation about meeting the deadline…

By January 8, 2019 0 Comments Read More →
Afternoon Brief, December 26

Afternoon Brief, December 26

Beer, Spirits, & Wine – Packaged Imports Grow +8.3% by Value Over Last Twelve Months Through October 2018, Packaged Exports Decline -10.3%: Total beverage alcohol imports (including bulk and packaged) grew +7.7% by value over the last twelve months and grew +5.6% by value over the last three months…

By December 26, 2018 0 Comments Read More →
Afternoon Brief, December 14

Afternoon Brief, December 14

The Great Haut-Brion Price Hack: It’s no surprise that the most expensive wine traded on the Liv-Ex fine wine exchange in 2018 was one that dragged the superlatives from the critics. Such wines are obviously rare and expensive, especially when they come from Bordeaux, but we’ve found a little hack that could see you getting similar quality for a much-reduced price…

By December 14, 2018 0 Comments Read More →
Afternoon Brief, December 12

Afternoon Brief, December 12

Illinois Distributor’s Massive Payout to TTB: As the Washington DC-based Alcohol and Tobacco Tax and Trade Bureau (TTB) ramps up its trade practice-enforcement investigations, more wholesalers are appearing on their radar for foul play and Tied House infractions…

By December 12, 2018 0 Comments Read More →
Afternoon Brief, December 11

Afternoon Brief, December 11

Holiday Horror Stories from the Land of Retail: When trouble strikes in retail, it’s often during the holidays. The two-week period around Christmas and New Year’s Eve is the biggest time of year for wine sales in the U.S…

By December 11, 2018 0 Comments Read More →
Afternoon Brief, December 10

Afternoon Brief, December 10

A 31% Increase in Number of California Wineries Makes Financial Success That Much Harder: The global investment firm Rabobank November 2018 Wine Quarterly included a few important takeaways from the Wine Industry Financial Symposium held this autumn in Napa, California. In its introduction to the report, the bank got my attention with this about California: “Wineries of all sizes need to find new owners.”

By December 10, 2018 0 Comments Read More →
Afternoon Brief, November 30

Afternoon Brief, November 30

Napa Vintner, Oregon Officials Meet to Defuse Wine-Labeling Dispute: Oregon regulators and a California winery accused of misrepresenting the Oregon origins of its bestselling pinot noir, an act which infuriated local winemakers, said Thursday after a preliminary meeting they’re hopeful they can resolve the dispute…

By November 30, 2018 0 Comments Read More →
Afternoon Brief, November 27

Afternoon Brief, November 27

California Winery Should Lose Oregon Licenses for Label Violations, Says OLCC: California winery Copper Cane should lose its licenses to distribute wine or do retail business within the state of Oregon, the Oregon Liquor Control Commission has recommended…

By November 27, 2018 0 Comments Read More →
Afternoon Brief, November 15

Afternoon Brief, November 15

Smokey Summers a Winner for Wine Critics: California’s ongoing worst wildfires ever will not affect the 2018 vintage, which is now in tanks and barrels. In fact, California’s wines are better off than its people, as the inside of a stainless-steel tank might be the only place in the Golden State where you could breathe easily right now…

By November 15, 2018 0 Comments Read More →
Afternoon Brief, November 12

Afternoon Brief, November 12

North Coast Wineries Bullish on Organic Grapes to Drive Growth: Walk down the aisle at the local Whole Foods Market or any other similar grocer. Almost everywhere you look, there are organic products on prominent display, from lettuce to macaroni and cheese to ice cream. But over at the wine section? Not so much…

By November 12, 2018 0 Comments Read More →
Afternoon Brief, July 16

Afternoon Brief, July 16

French ministers’ plans to require bigger health warnings on bottles of wine have provoked a furious response from leading chateaux, which say the move would damage ‘the soul of France’ and turn wine into a ‘criminal product’…

By July 16, 2018 0 Comments Read More →
Afternoon Brief, July 9

Afternoon Brief, July 9

Millions of Bottles of Spanish Rosé Sold as French: French authorities have uncovered millions of bottles of rosé imported in bulk from Spain being passed off as French, with at least one producer facing prison and fines of up to 300,000…

By July 9, 2018 0 Comments Read More →
Afternoon Brief, May 25

Afternoon Brief, May 25

Subscribe to the Afternoon Brief   Trending Story: United States Takes Action Against Canadian Trade Measures That Discriminate Against U.S. Wine U.S. Secretary of Agriculture Sonny Perdue and Trade Representative Robert E. Lighthizer announced today that the Trump Administration has requested that the World Trade Organization establish a dispute settlement panel to examine unfair regulations […]

By May 25, 2018 0 Comments Read More →
TTB Extends and Expands Alternate Procedure for Claiming New Federal Excise Tax Credit

TTB Extends and Expands Alternate Procedure for Claiming New Federal Excise Tax Credit

WASHINGTON, D.C. — TTB announced today (Industry Circular 2018-1A) that it is expanding and extending the “alternate procedure” through Dec. 31, 2019 to allow wineries to claim the full value of the new federal excise tax credit on wine stored at bonded wine cellars or other wineries. “This will provide wineries with greater clarity and […]