At Wednesday’s MEDC meeting, the board voted 7-3, with 1 abstention, to negotiate the potential sale of the “speculative building,”

built in 2003 in the industrial park on HWY 35 East, to an interested party with the intention of using it as a medical marijuana cultivation facility.

The unnamed group was described to be the most credible of the groups that contacted MEDC, with similar plans.

There will be 5 cultivation licenses granted in the state. There will be 32 dispensary permits approved.

Should this group not receive a permit, the deal is automatically voided.

An estimated 20-30 jobs are expected, plus any additional supply/security/transportation related jobs in the community.

The resolution approved by the MEDC is shown above.

The actual sale price of the structure and property could be affected by the potential economic benefit of the local payroll’s increase to our local economy.

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This entry was posted on Thursday, September 7th, 2017 at 12:45 am and is filed under Business, MEDC. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.