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US (MI): Grand Rapid-based growers convert industrial properties

Idled and deteriorating industrial buildings across the city are being transformed with multimillion dollar investments to support cannabis growing operations. 

Two commercial growing sites recently held ribbon-cutting ceremonies in industrial corridors on the city’s south and northeast sides, while four additional sites have been licensed and are in various stages of development. Companies have promised hundreds of jobs to launch the grow operations.

The buildings are spread across the city and comprise hundreds of thousands of square feet of industrial property. Each of the six sites are licensed to grow up to 1,500 plants, while five of them have applied for recreational grow licenses.

After securing industrial property, companies then make large investments in the high-tech indoor growing process the line of business requires. In doing so, obsolete or underused buildings are often rehabilitated while the operation can create up to dozens of jobs.

Oak Flint LLC is one of the six companies that has been approved for a medical cannabis grow facility in the city, which is required before recreational approval. Oak Flint President John McLeod hopes to secure recreational licenses this fall for what will be a growing and processing facility and provisioning center at 701 Ann St. NW. 

Read more at mibiz.com

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