Green Thumb To Open Cannabis Production Facility On Former Federal Prison Site in New York State

One of the nation’s leading cannabis operators, Green Thumb Industries Inc. GTBIFGTII, will be building a modern cannabis campus on the site of a former federal prison in Warwick, New York.

The Mid-Orange Correctional Facility was once a federal prison that held men convicted of drug offenses and other crimes. The facility was targeted for closure in 2011 as part of former 

Governor Andrew Cuomo's prison closing program.

The new project aims to revitalize the community and generate hundreds of jobs.

On September 9 the company hosted a groundbreaking ceremony in Warwick that was attended by local and regional authorities including a business leader in the cannabis industryBen Kovler, founder and CEO of Green Thumb Industries.

“Breaking ground on Green Thumb's newest Warwick facility is a tremendous milestone for us. Today is an example of the next great American growth story in action. This site used to be a federal prison that incarcerated individuals targeted by cannabis prohibition. Now it will become an economic hub that manufactures high-quality cannabis products, creates hundreds of new jobs, and contributes positively to the local community,” Kovler said.
“We thank the city of Warwick for supporting our vision in creating a more accessible and equitable industry as we create jobs in the community. There is a lot of work to do as we all prepare for the coming tidal wave of consumer demand in the great state of New York.“  However, local authorities intend to opt-out of the new state law that permits marijuana consumption sites such as lounges or bars, reported the Warwick Advertiser.

The town scheduled a public hearing on dispensary and consumption site-local laws. For the sake of public safety, town supervisor Sweeton said Warton wanted to avoid the sale of possibly adulterated marijuana. 

In July, UrbanXtracts opened a hemp processing and development center in a state-of-the-art 18,000-square-foot facility located within the business park built on the former grounds of the Mid-Orange Correctional Facility.

The Orange County Industrial Development Agency approved local financial incentives for Green Thumb to build the cultivation and manufacturing facility, including sales tax exemption, mortgage recording tax exemption, a 15-year property tax abatement and the issuance of taxable revenue bonds. 

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs

Cannabis is evolving—don’t get left behind!

Curious about what’s next for the industry and how to stay ahead in today’s competitive market?

Join top executives, investors, and industry leaders at the Benzinga Cannabis Capital Conference in Chicago on June 9-10. Dive deep into market-shaping strategies, investment trends, and brand-building insights that will define the future of cannabis.

Secure your spot now before prices go up—this is where the biggest deals and connections happen!

Get your tickets today!

Comments
Loading...