Manistee, MI 49660
We have leased a commercial building in Manistee, Michigan with the intent of developing a production facility and cultivation facility with 50,000 square feet of canopy. Architectural plans are complete for phase one, which includes a plan for 20,000 square feet of canopy, 5,000 square feet of processing, and 5,000 square feet of multi-use and office space. The second phase of development is planned for 30,000 square feet of canopy.
Michigan is a lucrative cannabis market. In 2020, Michigan cannabis retail stores sold US$985 million of cannabis products with roughly one of five Michigan residents using cannabis.* Cannabis sales in Michigan for the month of August 2021 alone totaled over US$40 million for Medical cannabis and over US$125 Million for Adult-Use sales.**
*Statistics from Michigan Cannabis Marker Growth and Size by Anderson Economic Group commissioned by the Michigan Cannabis Manufacturers Association **Michigan Marijuana Regulatory Agency Monthly Report August 1, 2021 – August 31, 2021