A national medical marijuana company is moving its Texas headquarters from Austin to San Marcos, where it's building a $25 million cultivation and retail facility to serve the state’s small but growing market.
Goodblend Texas — formerly known as Surterra Texas — broke ground on the planned 63,000-square-foot San Marcos facility last month and said it will employ over 100 people. Future expansions of the project will add to its workforce, the company said.
Goodblend is a subsidiary of Parallel, an Atlanta-based cannabis venture headed by chewing gum heir William “Beau” Wrigley Jr. Parallel has operations in a number of states where marijuana is legal either for medical or adult recreational uses, including Florida, Massachusetts and Nevada.
Its investment in Texas is a bet that what currently is a minuscule market for medical marijuana here is poised for substantial growth.
Read more at statesman.com.