• Posted On Saturday, July 10, 2021 by Evan Lamolinara

    Cannabis Q2 2021 (1)

    SalesLeads announced today the Q2 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 projects. Research confirms 56 new projects in the Cannabis sector.

    Planned industrial project activity within the sector increased by 18% from the previous quarter, and is up 15% 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 - 27 New Projects

              Expansion - 7 New Projects

              Renovations/Equipment Upgrades - 22 New Projects

     

    Cannabis - By Project Location (Top 5 States)

              Michigan - 11

              California - 9

              Massachusetts - 7

              New York - 5

              Ohio - 3

    Largest Planned Project

    During the 2nd quarter of 2021, our research team identified 2 new Cannabis facility construction projects with an estimated value of $100 million or more.

    The largest project is owned by Bright Green Corporation, who is planning to invest $300 million for the construction of a growing and processing facility at 1033 George Hanosh Blvd. in GRANTS, NM. Construction will occur in multiple phases.

     

    Top 10 Tracked Cannabis and Medical Marijuana Projects

    NEW YORK:

    Medicinal marijuana provider is planning to invest $155 million for the construction of a 450,000 sf growing and processing facility in WARWICK, NY. Construction will occur in three phases.

    OHIO:

    Medicinal marijuana provider is planning to invest $40 million for an expansion of their growing and processing facility at 1130 Springs Way in YELLOW SPRINGS, OH. They have recently received approval for the project.

    NEW YORK:

    Real estate development company is planning for the construction of a 1.3 million sf cannabis growing and processing complex on Ship Canal Parkway in BUFFALO, NY. They are currently seeking approval for the project.

    ARIZONA:

    Startup medicinal marijuana provider is planning for the construction of a 993,000 sf growing, processing, warehouse, and office complex in WILLCOX, AZ. They are currently seeking approval for the project.

    CALIFORNIA:

    Medicinal marijuana provider is planning for the construction of a 330,000 sf growing and processing campus in MIDDLETOWN, CA. They are currently seeking approval for the project.

    BRITISH COLUMBIA:

    Medicinal marijuana provider is planning to invest $25 million for the construction of a 57,000 sf growing and processing facility at 7827 Beaver Creek Rd. in BEAVER CREEK, BC.

    NEW MEXICO:

    Medicinal marijuana provider is planning to invest $20 million for the renovation and equipment upgrades on a 225,000 sf growing and processing facility in ALAMOGORDO, NM. The project includes the renovation and equipment upgrades on a 50,000 sf facility in ALBUQUERQUE, NM.

    CONNECTICUT:

    Medicinal marijuana provider is planning to invest $20 million for the renovation and equipment upgrades on a recently leased 186,000 sf growing and processing facility at 125 Access Rd. in STRATFORD, CT. They have recently received approval for the project. They will relocate operations upon completion.

    MASSACHUSETTES:

    Medicinal marijuana provider is planning for the construction of a 110,000 sf growing and processing facility in HOLYOKE, MA. They are currently seeking approval for the project.

    MARYLAND:

    Medicinal marijuana provider is planning the expansion of their growing and processing facility in LUTHERVILLE-TIMONIUM, MD by 100,000 sf. Completion is slated for early 2022.

     

    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:


    Comment