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

    Cannabis2021

    SalesLeads announced today the Q4 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 31 new projects in the Cannabis sector.

    Planned industrial project activity within the sector decreased by 56% from the previous quarter, and is up 1% 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 - 20 New Projects

                Expansion - 4 New Projects

                Renovations/Equipment Upgrades - 7 New Projects

     

    Cannabis - By Project Location (Top 5 States)

                California - 7

                Massachusetts - 5

                Pennsylvania - 3

                Vermont - 3

                New York - 2    

     

    Largest Planned Project

    During the 4th quarter of 2021, our research team identified 4 new Cannabis facility construction projects with an estimated value of $50 million or more.

    The largest project is owned by Goodness Growth Holdings, who is planning to invest $55 million for the construction of a 324,000 sf growing and processing facility in JOHNSTOWN, NY. Completion is slated for Spring 2022.

     

    Top 10 Tracked Cannabis and Medical Marijuana Projects

    PENNSYLVANIA:

    Medicinal marijuana provider is planning for the construction of a 508,000 sf growing and processing facility in MCKEESPORT, PA. They have recently received approval for the project.

    NEW YORK:

    Medicinal marijuana provider is expanding and planning to invest $55 million for the construction of a 324,000 sf growing and processing facility in JOHNSTOWN, NY. They have recently received approval for the project, with completion slated for Spring 2022.

    MASSACHUSETTS:

    Indoor marijuana growing system mfr. is planning to invest $24 million for the renovation and equipment upgrades on an 84,000 sf growing and processing facility at 1 Turner Street in ATTLEBORO, MA. They are currently seeking approval for the project.

    MARYLAND:

    Medicinal marijuana provider is planning for the renovation and equipment upgrades on a 156,000 sf growing and processing facility at 273 E. Memorial Blvd. in HAGERSTOWN, MD. They will relocate regional operations upon completion in Spring 2022.

    CALIFORNIA:

    Startup medicinal marijuana provider is planning for the construction of a 111,000 sf growing and processing facility at 11650 High Valley Rd. in CLEARLAKE OAKS, CA. They are currently seeking approval for the project.

    VERMONT:

    Industrial hemp mfr. is planning to invest $1.6 million for the renovation and equipment upgrades on an 80,000 sf processing facility at 52 Main Street in PROCTOR, VT.

    CALIFORNIA:

    Medicinal marijuana provider is planning for the construction of a 69,000 sf growing and processing facility at 22750 Carancho Rd. in DE LUZ, CA. They are currently seeking approval for the project.

    ILLINOIS:

    Medicinal marijuana provider is planning for the renovation and equipment upgrades on a 59,000 sf growing and processing facility at 160 W. Hintz Rd. in WHEELING, IL. They are currently seeking approval for the project.

    VERMONT:

    Medicinal marijuana provider is planning for the expansion of their growing and processing facility in BURLINGTON, VT by 50,000 sf. Completion is slated for Summer 2022.

    MICHIGAN:

    Medicinal marijuana provider is planning for the construction of a 30,000 sf growing and processing facility in MUSKEGON, MI. They have recently received approval for the project.

    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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