• Posted On Friday, October 9, 2020 by Evan Lamolinara

    Cannabissept2020

    SalesLeads announced today the Q3 2020 results for the new planned capital project spending report for the Cannabis and Medical Marijuana industry. The Firm tracks North American planned industrial capital project activity including facility expansions, new plant construction and significant equipment modernization project. Research confirms 45 new projects in the Cannabis sector.

    Planned industrial project activity within the sector increased by 16% from the previous quarter, but is down 45% YTD from the previous year.

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

     

    Cannabis - By Project Scope/Activity

                New Construction - 16 New Projects

                Expansion - 10 New Projects

                Renovations/Equipment Upgrades - 21 New Projects

     

    Cannabis - By Project Location(Top 5 States)

                Massachusetts - 12

                Michigan - 5

                California - 4

                Illinois - 3

                Oregon - 3

      

    Largest Planned Project

    During the 3rd quarter of 2020, our research team identified 2 new Cannabis facility construction projects with an estimated value of $25 million of more.

    The largest project is owned by Curaleaf, who is planning to invest$ 29 million for the renovation and equipment upgrades on 111,000 sf of recently leased growing and processing space in BLUE ANCHOR, NJ.

     

    Top 10 Tracked Cannabis and Medical Marijuana Projects

    NEW YORK:

    Medicinal marijuana provider is planning for the expansion of their warehouse, growing, and processing facility at 6030 Route 9 in CHESTERTOWN, NY by 58,000 sf. Completion is slated for Summer 2021.

     

    ILLINOIS:

    Medicinal marijuana provider is planning for a 90,000 sf expansion and equipment upgrades of their growing and processing facility in BARRY, IL. They have recently received approval for the project.

     

    MASSACHUSETTS:

    Startup medicinal marijuana provider is planning for the construction of a 100,000 sf growing and processing facility on Plivins Rd. in HATFIELD, MA. They are currently seeking approval for the project. Construction will occur in two phases.

     

    MICHIGAN:

    Cannabis company is planning to invest $25 million for the expansion of their growing facility at 600 W. Seventh St. in EVART, MI by 140,000 sf. They are currently seeking approval for the project. Construction will occur in phases, with completion of the first phase slated for Spring 2021.

     

    MISSOURI:

    Medicinal marijuana provider is planning for the construction of a growing and processing facility at 3838 Ave. F. in ST. LOUIS, MO. They are currently seeking approval for the project.

     

    OREGON:

    Medicinal marijuana provider is planning for the construction of an 85,000 sf growing and processing facility in LEBANON, OR. They are currently seeking approval for the project.

     

    OHIO:

    Medicinal marijuana provider is planning for the renovation and equipment upgrades of their 50,000 sf growing and processing facility in YELLOW SPRINGS, OH. They have recently received approval for the project.

     

    KENTUCKY:

    Hemp processing company is planning to invest $9 million for the construction of a growing and processing facility in SIMPSON, KY. They have recently received approval for the project.

     

    NEBRASKA:

    Hemp processing company is planning to invest $6 million for the renovation and equipment upgrades on a 90,000 sf growing and processing facility in NEBRASKA CITY, NE. They have recently received approval for the project.

     

    CALIFORNIA:

    Cannabis products mfr. is considering the expansion of their processing facility in SANTA ROSA, CA by 45,000 sf. Watch SalesLeads for updates.

     

    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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