US (MA): Cannabis grower approved for Worcester

A cannabis cultivation and manufacturing center has local approval to open on Pullman Street in Worcester.

No opening date for beginning of distribution is set but it could be next summer, Calyx Peak CEO Ed Schmults said in an interview. The company is eyeing a location in Mansfield for its national headquarters, seeing a potentially massive market in Massachusetts, the first East Coast state to allow recreational marijuana retail sales.

"We expect a strong presence in Massachusetts," said Schmults, who lives in Providence. Schmults and the company's vice presidents of finance, merchandising and marketing are in New England while other top executives are in California, where Calyx Peak has two large facilities north and south of Los Angeles.

"We're thinking nationally, and we want to have senior executives in our key markets. Right now, the two big ones are California and Massachusetts," he said.

Calyx Peak, which has marijuana operations in California, Nevada and Ohio, received Worcester Planning Board approval June 26. The company hopes to open three retail locations in Massachusetts, with locations yet to be determined.

Read more at wbjournal.com


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