US (NY): Cannabis industry blossoming in Ellenville

As New York state's cannabis industry continues to blossom and the once solely recreational substance is legalized and used for medicinal purposes, one stakeholder is putting down roots in the Hudson Valley.

Cresco Labs' latest green venture, a campus that will be the cannabis wholesaler's cultivation and manufacturing to Ellenville and Warwarsing. 

Cresco says the project will provide 75 immediate jobs to the surrounding area and 375 once it's up and running. People got to see the start of that on October 27, when they held a ceremonial groundbreaking at one 50,000-square-foot building that will be a part of a larger campus and home to their first phase.

That means the industry is bringing almost 400 new jobs, a tenth of the city's population, to Ellenville. Among the attendees were Phil Matracion, Ellenville's police chief and school board president. Both positions give him a unique perspective on the ever-evolving cannabis market.

"I think Ellenville is moving forward, and Cresco is going to be part of that formula," said Matracion. Although it clashes with federal statutes, New York's Marijuana Regulation and Taxation Act were signed into law on March 31, 2021, legalizing adult-use cannabis in New York state on a recreational basis.

Read the entire article at Spectrum Local News

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber