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  • Posted On Monday, April 13, 2020 by Evan Lamolinara

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    Research by SalesLeads’ experienced industrial market research team, shows 49 new planned Cannabis and Medical Marijuana projects tracked during the 1st quarter of 2020. 

    Planned industrial project activity within the sector is down 33% YTD over the previous year. 

    The following are selected highlights on new cannabis and medical marijuana industry construction news. 

     

    Cannabis - By Project Type

                Processing Facilities - 47 New Projects

                Distribution and Industrial Warehouse - 6 New Projects

     

    Cannabis - By Project Scope/Activity

                New Construction - 23 New Projects

                Expansion - 12 New Projects

                Renovations/Equipment Upgrades - 14 New Projects

     

    Cannabis - By Project Location(Top 5 States)

                Illinois - 6

                Michigan - 6

                Missouri - 4

                Massachusetts - 4

                California - 3

     

    Largest Planned Project

    During the 1st quarter of 2020, our research team identified 1 new Cannabis facility construction project with an estimated value of $100 million or more. 

    The largest project is owned by BC Hemp Corporation, who is planning to invest $350 million for the construction of a growing, processing, and laboratory facility on Johnson Road in PRINCE GEORGE, BC. They are currently seeking approval for the project. 

     

    Top 5 Tracked Cannabis and Medical Marijuana Projects

    FLORIDA:

    Medicinal marijuana provider is planning to invest $15 million for the construction of an 88,000 sf growing, processing, and laboratory facility in INDIANTOWN, FL.

     

    LOUISIANA:

    Medicinal marijuana provider is planning for the construction of a 100,000 sf warehouse, growing, and processing facility and currently seeking a site in the area of BATON ROUGE, LA and LAFAYETTE, LA.

     

    MASSACHUSETTS:

    Medicinal marijuana provider is planning for the construction of a 125,000 sf growing and processing facility on Patterson Brook Rd. in WAREHAM, MA. They are currently seeking approval for the project.

     

    MINNESOTA:

    Medicinal marijuana provider is planning for the expansion of their warehouse, growing, and processing facility in COTTAGE GROVE, MN by 134,000 sf. They have recently received approval for the project.

     

    MICHIGAN:

    Medicinal marijuana provider is currently constructing a 135,000 sf growing and processing facility in PINCONNING, MI. Completion is slated for Summer 2020.

     

    Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.

    Each month, our team provides hundreds of industrial reports within a variety of industries, including:

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