TerrAscend Corp has purchased a long-idle industrial site built in the 1990s to recycle paper to turn it into a cannabis cultivation facility. The company produces and sells dried flower and oil products for the Maryland wholesale medical cannabis market from a 22,000-square-foot cultivation and processing facility in Frederick. The company has already received regulatory approval for the planned relocation of its cultivation operations to the 156,000-square-foot facility.
TerrAscend expects to start operating in Hagerstown in the first quarter of 2022. The move will mean the creation of 50 jobs at the Hagerstown facility to start, according to a TerrAscend spokesperson. Employment will hit approximately 120 once the facility is fully built out.
"With adult-use legislation currently under review by the state, scaling our Maryland cultivation and processing capabilities will allow us to support this important and underserved market," said Jason Wild, executive chairman of TerrAscend.
Read the complete article at heraldmailman.com.
