Marijuana has been in the decriminalization process since 1973 with many states over the years
passing laws to either authorize the use of marijuana or prohibit it. It is time to stop treating marijuana like a deadly drug, when science and public opinion agree that it is relatively safe for adult recreational and medical use. With recreational and medical marijuana on the verge of nationwide legalization, marijuana growers and dispensaries are popping up everywhere.
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WINDSOR TOWNSHIP — A California real estate company traded on the New York Stock Exchange wants a piece of the township’s commercial medical marijuana growing and processing action.
Innovative Industrial Properties has committed to a $13 million deal with Green Peak Innovations at Harvest Park, billed as the largest marijuana business park of its kind east of the Mississippi.
Green Peak, a company with Lansing area investors, has agreed to sell a 56,000-square-foot-facility it constructed and 25 acres of land it purchased at Harvest Park to IIP for $13 million.
Green Peak will lease the land from IIP so it can move forward with its marijuana growing and processing plans, said Jeff Radway, Green Peak’s CEO.
“It’s a way to quickly pivot and deploy capital,” Radway said of the agreement with IIP. “We’re proud of the affiliation and I think it speaks to our structure, our plan and professionalism.”
Harvest Park is located south of Creyts and Lansing roads, east of General Motors’ Delta Township Assembly Plant.
The 131-acre park’s investment team is hopeful the second phase of construction will be complete by the end of this year.
Paul Smithers, IIP’s CEO and president, said in a statement his company is impressed with Green Peak investors’ strong track record of success in founding and operating businesses with a focus on compliance and product quality.
“We also were impressed by their deep-rooted ties to the local community in the Lansing area, and believe that Harvest Park will be a great hub for them as they look to expand their business throughout the state, with Michigan being one of the largest markets in the United States,” Smithers said.
Harvest Park’s website, harvestparkdevelopment.com, indicated Thursday that six of 17 lots were sold at Creyts and Lansing roads and two others had sales pending.
Windsor Township Supervisor Marcus Braman said Thursday he’s excited about the progress being made at Harvest Park and has seen increased interest in land nearby.
“I’m happy that people want to spend money in the community and get stuff done around here,” Braman said.
Braman said a local group of investors has plans to reopen Don’s Windmill Truck Stop at 7262 Lansing Road in about three months.
The truck stop closed in 2009 after 54 years in business.
Green Peak received pre-qualification for several commercial medical marijuana licenses from a state licensing board last month.
The company plans to have 12 marijuana grow facility licenses, 10 at its Windsor Township and two at a Lansing research and development facility. A processing license is expected to be used at its Windsor Township facility.
Grean Peak also has plans for 19 dispensaries (also known as provisioning centers) throughout Michigan.
It intends to hire up to 170 people in the Lansing region for a variety of positions.
Radway, Green Peak’s CEO, said the company has heard from “700 to 800” job applicants and has a human resources team reviewing each inquiry as quick as it can.
“We’re asking people to be patient as we take the time and diligence to make through all the applications,” Radway said.
This article was first published on https://www.cannabisimp.com.