Cannabis Construction News and Planned Industrial Project Reports - Q2 - 2019 Recap

Research by SalesLeads’ experienced industrial market research team, shows 57 new planned Cannabis and Medical Marijuana projects tracked during the 2nd quarter of 2019.

Planned industrial project activity within the sector decreased by 14% from the previous month, but is up 65% YTD over the previous year.

The following are selected highlights on new cannabis and medical marijuana industry construction news.

Cannabis - By Project Type

          Processing Facilities - 55 New Projects

          Distribution and Industrial Warehouse - 4 New Projects

 

Cannabis - By Project Scope/Activity

          New Construction - 26 New Projects

          Expansion - 22 New Projects

          Renovations/Equipment Upgrades - 16 New Projects

 

Cannabis - By Project Location(Top 5 States)

          California - 8

          Massachusetts - 7

          British Columbia - 7

          Nevada - 4

          Pennsylvania - 3

 

Largest Planned Project

During the 2nd quarter of 2019, our research team identified 3 new Cannabis facility construction projects with an estimated value of $50 million or more.

The largest project is owned by Integrated CBD, who is investing $65 million for the construction of a 154,000 sf laboratory and processing facility in Phoenix, AZ. Construction will occur in two phases, with completion of phase 1 slated for October 2020.

 

Top 5 Tracked Cannabis and Medical Marijuana Projects

 

Colorado:

Cannabis products mfr. is planning to invest $50 million for equipment upgrades and the expansion of their processing facility in BROOMFIELD, CO by 23,000 sf.

 

Ontario:

Medicinal marijuana provider is planning for the expansion of their growing and processing facility in LEAMINGTON, ON by 800,000 sf. They have recently received approval for the project.

 

Massachusetts:

Medicinal marijuana provider is planning for the construction of a 100,000 sf growing and processing facility on Riverdale Street in NORTHBRIDGE, MA. They are currently seeking approval for the project. The site will allow for an additional 100,000 sf expansion.

 

British Columbia:

Medicinal marijuana provider is planning for the expansion of their growing and processing facility in VANCOUVER, BC by 500,000 sf. They are also planning for the renovation and equipment upgrades on a recently acquired 1 million sf growing and processing facility in DELTA, BC

 

Alberta:

Medicinal marijuana provider is planning for the construction of a 67,000 sf growing and processing facility in BASSANO, AB. They have recently received approval for the project.