A Massachusetts cannabis company has opened a cultivation facility in a 150,000-square-foot industrial building near downtown Lansing. Ascend Wellness opened the facility earlier this year. The company has six cannabis retail stores in Michigan and others in Ohio and Illinois.
"We liked the fact that it was centrally located in the state, great for distribution," said Frank Perullo, the founder and chief strategy officer of Ascend Wellness Holdings. "What better way to showcase the industry than in the state capital?"
Ascend plans to grow, prepare, and package cannabis in the facility. The company spent around $15 million on renovations.
Keith Lambert, chief operating officer for the Lansing Economic Area Partnership, said the big change in demand for cannabis properties "came when adult-use cannabis was authorized; that is when we saw a huge rise in demand and a lot of money flowing in from out of state."
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