Go­ing big in Mas­sachusetts

The Denver Post - - BUSINESS -

State­side, one Den­ver-based com­pany is also eye­ing largescale green­house cannabis cul­ti­va­tion.

Amer­i­cann has ini­ti­ated pre­lim­i­nary site work on a nearly 1 mil­lion-square-foot op­er­a­tion in Mas­sachusetts, where vot­ers ap­proved a recre­ational mar­i­juana mea­sure in Novem­ber 2016.

A re­write of the pro­posed mar­i­juana laws is cur­rently be­fore Gov. Char­lie Baker, but as the state moves to­wards en­act­ing the will of the vot­ers, it clearly lacks the cul­ti­va­tion in­fra­struc­ture to meet de­mand for med­i­cal and adult-use cannabis, Amer­i­cann CEO Tim Keogh said.

With a pop­u­la­tion of 6.8 mil­lion, the Mas­sachusetts med­i­cal mar­i­juana mar­ket is pro­jected at 150,000 pa­tients, he said. But at present there is about 200,000 square feet of cul­ti­va­tion in­fra­struc­ture.

By com­par­i­son, he es­ti­mates that Colorado had a cou­ple of mil­lion square feet of cul­ti­va­tion op­er­a­tions to sup­ply a smaller pa­tient pop­u­la­tion.

To meet fu­ture de­mand, the Mas­sachusetts mar­i­juana in­dus­try sought ex­per­tise from Colorado grow­ers, he said. As a re­sult the state has ended up with lots of op­er­a­tors who know how to find, out­fit and run 10,000- to 20,000square-foot in­door cul­ti­va­tion cen­ters, the man­ner in which much of Colorado’s mar­i­juana is grown.

Keogh said he thinks largescale grow fa­cil­i­ties are lack­ing across the U.S.

“Our vi­sion is re­ally to be­come the lead­ing provider of state-ofthe-art sus­tain­able in­fra­struc­ture to re­ally meet the needs of mar­kets as they come on­line,” he said.

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