Not exact matches
Marijuana became legal for recreational purchase and use in Colorado on the first of this year, and adult - use
facilities are doing a booming
business.
Because large
facilities are needed to grow and store
marijuana — and because local laws often limit where such
businesses can be located — industrial warehouse owners have seen rental rates spike in areas where medical and recreational
marijuana is legal.
In 2016, according to a
Marijuana Business Daily report, the industry employed approximately 150,000 people nationwide, from lab technicians in testing
facilities, extraction scientists to retail jobs at dispensaries.
The Company is also in the
business of building
marijuana grow
facilities.
As more and more states legalize the medical and / or recreational use of
marijuana, demand for cultivation / grow
facilities is on the rise, spurring the repurposing of distribution and warehouse properties to accommodate the budding
business.