• Posted On Friday, April 16, 2021 by Evan Lamolinara

    Cannabisq12021

    SalesLeads announced today the Q1 2021 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 46 new projects in the Cannabis sector.

    Planned industrial project activity within the sector decreased by 2% from the previous quarter, and is down 7% 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 - 14 New Projects

                Expansion - 15 New Projects

                Renovations/Equipment Upgrades - 22 New Projects

     

    Cannabis - By Project Location (Top 5 States)

                California - 10

                Michigan - 6

                Massachusetts - 4

                Georgia - 3

                Ohio - 2

      

    Largest Planned Project

    During the 1st quarter of 2021, 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 One World Ventures, Inc., who is planning to invest $219 million for the construction of a warehouse, growing, and processing facility in MADISON, WV. They are currently seeking approval for the project.

     

    Top 10 Tracked Cannabis and Medical Marijuana Projects

    ILLINOIS:

    Medicinal marijuana provider is planning to invest $52 million for the renovation and equipment upgrades on a 258,000 sf growing and processing facility in ILLINOIS. The project also includes future expansion of the facility by 300,000 sf. Completion of phase 1 is slated for Fall 2022.

     

    ONTARIO:

    Medicinal marijuana provider is investing $30 million for the renovation and equipment upgrades on a 40,000 sf of growing and processing facility in OWEN SOUND, ON. Renovations will occur in two phases, with completion of the first phase slated for Spring 2021.

     

    NEW YORK:

    Medicinal marijuana provider is planning for the construction of a 500,000 sf growing and processing facility in AKWESASNE, NY. They are currently seeking approval for the project.

     

    CALIFORNIA:

    Medicinal marijuana provider is planning to invest $11 million for the renovation and equipment upgrades on a recently leased growing and processing facility in LOS ANGELES, CA. They have recently received approval for the project.

     

    FLORIDA:

    Medicinal marijuana provider is planning to invest $11 million for the renovation and equipment upgrades on a recently leased 295,000 sf growing and processing facility in ALACHUA, FL.

     

    ARKANSAS:

    Medicinal marijuana provider has recently started the construction of a 100,000 sf growing and processing facility at 3300 N. Hutchinson Street in PINE BLUFF, AR. Completion is slated for Summer 2021.

     

    MASSACHUSETTS:

    Medicinal marijuana provider is planning for the renovation and equipment upgrades on a 175,000 sf growing and processing facility at 37 Chase Ave. in DUDLEY, MA. They have recently received approval for the process. Completion is slated for late 2021.

     

    MICHIGAN:

    Medicinal marijuana provider is planning for the renovation and equipment upgrades on a 146,000 sf warehouse, growing, and processing facility in WINDSOR CHARTER TOWNSHIP, MI. They have recently received approval for the project.

     

    CALIFORNIA:

    Medicinal marijuana provider is planning for the renovation and equipment upgrades of an 87,000 sf growing and processing facility at 349 Littlefield Avenue in SOUTH SAN FRANCISCO, CA. They are currently seeking approval for the project.

     

    PENNSYLVANIA:

    Medicinal marijuana provider is expanding and has recently agreed to lease 120,000 sf of growing, processing, and laboratory space at 2920 Beaver Avenue in PITTSBURGH, PA. They expect to be operational in Summer 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.

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


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