Canadian Weeds Cultivators Looking for Industrial Land
Weeds grower are turning to agricultural land reserves and blue-collar towns to find industrial space. This space is needed to meet the medical and recreational needs of marijuana. The legalization of weeds is expected to increase the cost of marketable real estate in major provinces of Canada. Top eight weed medical companies will require almost 8 million square feet space in industrial areas by 2020. This demand may increase after the legalization of recreational use of weeds Vancouver. The study revealed that large underway projects are meeting the short-term requirements in Alberta. On the other hand, Ontario may need 3 million (square feet) along with New Brunswick, Saskatchewan, and Quebec.
Most of the producers of marijuana are growing without a license, and they have maximum projects in Metro Vancouver. The industrial opportunity rate is 1.9 percent. Vancouver-based Weed Aurora Inc. is building 800,000 square-foot facility. It is the largest indoor to grow weed next to the Leduc international airport of Edmonton in Alberta. Other than inventory challenges, there is a pushback from a few low inland municipalities against weeds grow facilities. Companies are looking for additional space to increase their production of marijuana.
Scarce inventory is increasing the prices because supply is lower than demands. In Delta, almost 24,000 square foot weeds production facility is approved for industrial sites on the island of Annacis. The largest company of weeds in Canada has $5.3 billion market cap, and they are converting Delta greenhouses for marijuana cultivation at a commercial level. Pot represents an essential opportunity for B.C. supply towns that possess mine sites or shuttered mills. For the diversification of the economy, the weed cultivation can be a great move in smaller towns. It will prove helpful to create jobs.
Health Canada sets out some licensing regimes and permits a range of activities, such as research, testing, processing, cultivation, sale, exporting and importing. Interestingly, the government set no limit on permit numbers. The license for cultivation will permit producers to apply for authorizations suitable for the model of their business. You can grow weed on a broad scale for different recreational uses or regulating cultivators who are interested in starting their nursery for the production of seedlings and s