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US (CA): Orchid Ventures bet on Calexico and the cannabis market

Orchid Ventures is an Orange County company that has cannabis retail stores and cultivation centers in California and Oregon. But nothing as big as the plant it says will soon sprout in Calexico.

When complete, the company's cultivation facility will be a veritable factory for cannabis growing. Company spokesmen say there will be 220,000 square feet of indoor cultivation space, employing 400 people and producing more than 12,000 pounds of cannabis per month.

Why build in Calexico?

"The entire building will be operated on its own solar farm and power banks. The rent cost, electricity cost and tax rates will make Orchid one of the lowest-cost cultivation facilities that we've ever seen," said George Mattia, CEO of Greenbloom Cannabis Co., which held the Calexico project as an asset before selling it to Orchid Ventures.

Read more at kpbs.org

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