US (NY): Plans for $200 million cannabis facility back on track

Plans for a new $200 million cannabis growing and production facility in South Buffalo are back on track. The project, years in the making, is finally advancing toward the start of construction in as soon as a few weeks, with the first phase possibly opening for business by next summer.

The reason: New York's legalized cannabis market is gaining clarity, with regulations being finalized, and the first sales are expected in a few months. That's a big change.

As recently as last September, the plans for the cannabis complex were up in the air as efforts to legalize cannabis dragged on, and, even after that was approved, the rules governing the cannabis market remained unwritten. So the agency that owns the site of the pot farm last fall gave the project's developer, Zephyr Investors, a two-year extension to close on its purchase as uncertainty swirled.

But now, the legalized market has started to take shape, even if the final rules haven't been adopted. The launch of cannabis sales is expected by the end of the year, and more than 200 cannabis growers have already been licensed by the state. So Zephyr is moving forward again with its plans to create the sprawling pot farm and manufacturing operation in the Buffalo Lakeside Commerce Park.

To read the complete article, go to www.buffalonews.com


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