CDFA is pleased to announce that the contract to perform the Standardized Regulatory Impact Assessment for the Medical Cannabis Cultivation Program has been awarded to ERA Economics, LLC (ERA). ERA is a consultancy specializing in agricultural and water resource economics, based in Davis, California. They provide services including benefit-cost analyses, feasibility studies, financial analyses, impact analyses, and policy evaluation.
ERA’s professionals are recognized experts in the economics of California water and agriculture. They are at the forefront of developing applied regional economic models that form the basis of policy and regulatory impact analyses. Their firm is the primary developer of California's Statewide Agricultural Production Model (SWAP), a large-scale economic optimization model of California's agricultural economy and irrigation water supply. In addition to economic modeling, their professionals bring a background in farm finance, agribusiness, and engaging industry stakeholders. They specialize in evaluating the effects of regulations, resource availability, and economic policies on agricultural markets. This data-driven approach to economic analysis provides a robust foundation for analyzing economic and social impacts, and the development of sound public policies.