• Posted On Monday, January 10, 2022 by Evan Lamolinara

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    Research by SalesLeads’ experienced industrial market research team, shows 181 new planned Cannabis and Medical Marijuana projects tracked during the year 2021.

    Planned industrial project activity within the sector is up 1% 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 - 169 New Projects

                Distribution and Industrial Warehouse - 18 New Projects

    Cannabis - By Project Scope/Activity

                New Construction - 80 New Projects

                Expansion - 37 New Projects

                Renovations/Equipment Upgrades - 73 New Projects

    Cannabis - By Project Location (Top 5 States)

                California - 33

                Massachusetts - 27

                Michigan - 22

                Pennsylvania - 10

                New York - 9

     

    Largest Planned Project

    During the year 2021, our research team identified 3 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. They have recently received approval for the project. Construction will occur in multiple phases.

     

    Top 5 Tracked Cannabis and Medical Marijuana Projects

    WEST VIRGINIA:

    Medicinal marijuana provider 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.

    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. They have recently received approval for the project. Construction will occur in three phases.

    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.

    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:

    Medicinal marijuana provider is planning to invest $30 million for the expansion of their growing and processing facility on Neelytown Rd. in HAMPTONBURGH, NY by 75,000 sf. Construction will occur in multiple phases.

     

    About SalesLeads, Inc.

    Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. 

    Each month, our team delivers hundreds of industrial capital project intelligence reports within a variety of industries, including:


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