A Colorado company is in the beginning stages of building what would be Massachusetts’ largest marijuana cultivation center. If all goes to plan, the operation could be almost 1 million sq. ft. Denver-based AmeriCann Inc. completed the lease of the 53-acre property near Route 24 in Freetown The entire facility will be built in phases over the course of a few years.
AmeriCann Inc. has already welcomed Massachusetts Medical Cannabis Center in preparation for legal recreational marijuana in Massachusetts, The Boston Globe reports. If recreational marijuana is legalized in Massachusetts, AmeriCann will speed up construction to rent some of its cultivation space to recreational marijuana cultivators.
Tim Keogh of AmeriCann said, “Adult-use changes the timeline of the project. It’s definitely part of the conversation with investors now, more so that it had been 12 or 24 months ago.”
AmeriCann, a publicly traded company, announced its deal to purchase undeveloped land from Boston Beer Co earlier in 2016. Finalization of the purchase was put off a few times, but a relative of AmeriCann’s CFO purchased the property and is leasing it to AmeriCann for 50 years.
Keogh said, “We’re very excited about getting this land developed, realizing the economic impact on the local area, and helping patients in Massachusetts.”
AmeriCann hopes to develop and expand this to a full company complex with three buildings, offices, a laboratory and a large enough space for manufacturing products. Coastal Compassion may be one of the first tenants in the Freetown facility.
Freetown Planning Board chairman Kevin Desmarais said, “We wanted to get out in front of it, so we identified a parcel in an area of town that’s away from residences and would be suitable for this type of business.”
Desmarais also said, “It was very professional. We approached it like any other project, like they were growing tomatoes. Everybody understands now that this is legal in the state and there’s no coming back from that.”
Keogh said that the facility will be built to be energy efficient. He said, “Our utility consumption is 60-percent less than a typical indoor warehouse, which is a tremendous benefit in terms of driving down the cost of production and the carbon footprint of the cannabis industry.”