• Cannabis Construction News and Planned Industrial Project Reports - 2019 Recap

    Posted On Friday, January 24, 2020 by Evan Lamolinara

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    Research by SalesLeads’ experienced industrial market research team, shows 229 new planned Cannabis and Medical Marijuana projects tracked during the year  2019. 

    Planned industrial project activity within the sector is up 50 % 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 - 216 New Projects

                Distribution and Industrial Warehouse - 32 New Projects

     

    Cannabis - By Project Scope/Activity

                New Construction - 111 New Projects

                Expansion - 48 New Projects

                Renovations/Equipment Upgrades - 89 New Projects

      

    Cannabis - By Project Location(Top 5 States)

                California - 30

                Massachusetts - 27

                British Columbia - 21

                Ontario - 17

                Michigan - 10

     

    Largest Planned Project

    During the year 2019, our research team identified 33 new Cannabis facility construction projects with an estimated value of $50 million or more. 

    The largest project is owned by Integrated CBD, who is investing $65 million for the construction of a 154,000 sf laboratory and processing facility in PHOENIX, AZ. 

     

    Top 5 Tracked Cannabis and Medical Marijuana Projects

    COLORADO:

    Cannabis products mfr. is Investing $50 million for equipment upgrades and the expansion of their processing facility in BROOMFIELD, CO by 23,000 sf.

     

    BRITISH COLUMBIA:

    Medicinal marijuana provider is planning for the construction of a 2.2 million sf growing and processing facility and currently seeking a site in DELTA, BC.

     

    FLORIDA:

    Medicinal marijuana provider is planning for the construction of two 450,000 sf growing and processing facilities in TAMPA, FL. Completion is slated for 2020.

     

    INDIANA:

    Hemp processing company is investing $50 million for the construction of a processing facility in WESTFIELD, IN.

     

    KENTUCKY:

    Hemp producer is planning for the renovation and equipment upgrades on their 1.8 million sf growing and processing facility in PARIS, KY. 

     

    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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