Research by SalesLeads’ experienced industrial market research team, shows 38 new planned Cannabis and Medical Marijuana projects tracked during the 2nd quarter of 2020.
Planned industrial project activity within the sector is down 40% 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 - 33 New Projects
Distribution and Industrial Warehouse - 7 New Projects
Cannabis - By Project Scope/Activity
New Construction - 15 New Projects
Expansion - 5 New Projects
Renovations/Equipment Upgrades - 14 New Projects
Cannabis - By Project Location(Top 5 States)
California - 7
Massachusetts - 4
Illinois - 4
Michigan - 3
Ontario - 2
Largest Planned Project
During the 2nd quarter of 2020, our research team identified 1 new Cannabis facility construction project with an estimated value of $50 million or more.
The largest project is owned by DB3 Agricultural Solutions, who is planning for the construction of a 5 million sf cannabis warehouse, growing, and processing complex at the Fort Custer Industrial Park in BATTLE CREEK, MI. They have recently received approval for the project. Construction is expected to start in Summer 2020.
Top 5 Tracked Cannabis and Medical Marijuana Projects
Hemp processing company is planning to invest $30 million for the construction of a growing and processing complex in EARLY BRANCH, SC. They have recently received approval for the project. Completion is slated for early 2021.
Medicinal marijuana provider is planning to invest $11 million for the renovation and equipment upgrades on their 115,000 sf growing and processing facility in MARSHALL, MI.
Medicinal marijuana provider is planning to invest $22 million for the renovation and equipment upgrades on their 199,000 sf growing and processing facility in ATHOL, MA.
CBD and cannabinoid products mfr. is planning for the renovation and equipment upgrades on a 150,000 sf processing facility in EDEN, NC. They have recently received approval for the project.
Medicinal marijuana provider is planning for the expansion of their growing and processing facility in SANTA ANA, CA by 55,000 sf. They expect to be operational in early 2021.
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.
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