And finally…America’s largest marijuana business park breaks ground
A real estate development and property management company has broken ground on a first-of-its-kind cannabis-only business park in California.
Sacramento-based Canna-Hub held a groundbreaking ceremony last month with local officials saying they look forward to the positive economic impact the project will have on the city of Mendota.
With California marijuana sales predicted to hit $3.5 billion in 2018 and $5.1bn in 2019, not only does this location bring the booming cannabis industry to Mendota, but it also promises jobs to the struggling community.
The company itself won’t be growing marijuana. It’s leasing out nine spaces for operators to manufacture or distribute. Tenants can do anything, except for selling marijuana and operating outdoor grows.
Quickly-expanding Canna-Hub has announced that it also plans to go public in Canada.