New Zealand: Cannabis growers line up to buy chrysanthemum nursery

Medicinal cannabis plantation producers are high on the list of potential buyers for one of New Zealand’s most productive chrysanthemum hothouse nurseries which has been placed on the market for sale.

GAIT Flowers Nursery in the Hauraki Plains produces 15 varieties of chrysanthemum – encompassing yellow, white, pink/mauve, red and green colourings.

In the just completed 2018/2019 production year running from June to May, the GAIT Flowers nursery harvested 464,251 stems – nearly 43 percent more than for the 2015/16 growing year.

Now the GAIT Flowers Nursery freehold land, buildings and business at 346 Reservoir Canal Road are being marketed for sale as a going concern for $1.3million plus GST through Bayleys Hamilton.

Salesperson Josh Smith has already had a potential buyer looking at the property who expressed a serious interest in converting the substantial Kerepehi nursery infrastructure into what could be New Zealand’s first commercial-scale medicinal cannabis growing operation.

Read more at Scoop

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