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US (CT): Companies weigh the feasibility of diving into state market

Kepal Patel hopes that before the year ends, seeds will be planted at his company's 40,000-square-foot indoor cannabis farm in Stratford, and within the first half of the new year, the facility will be ready for a harvest.

That would make Borealis Cannabis by Shangri-La the seventh large-scale cannabis cultivator open and operating in Connecticut. The others include four medical cannabis producers that expanded into the adult-use market after legalization in 2021, outdoor grower Rodeo Cannabis in Morris and indoor cultivator Fine Fettle in Bloomfield.

Each facility has at least 15,000 square feet of grow space. Patel, president of Shangri-La, said the company has spent about $34 million on its Borealis facility. It has more than 20,000 square feet of grow space and is expected to produce 1,000 pounds of trimmed flower each month while employing 80 people.

"We went all out because (of a) lack of market we saw in Connecticut," he said. "A lot of the consumers here in Connecticut are going to different states right now because of the lack of different product availability and quality as well as the price."

Read more at CT Insider

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