Video Staff
Green Thumb Industries (OTC: GTBIF) is breaking ground on a cultivation center in Warwick NY, a town 54 miles north of New York City. The location is unique because the site used to be a prison that at one time held people incarcerated for cannabis. GTI’s CEO Ben Kovler told the Green Market Report that he appreciates the history of the site and notes the location is key for distribution to New York consumers. He is also pleased that the town has shown its appreciation for GTI’s investment into the facility and the jobs that it will bring.
Here are some fast facts:
The former Warwick medium-security prison, which housed about 1,000 inmates, many for drug offenses, closed just a decade ago.
- There’s a great full-circle story here – building the modern cannabis campus on the site of a prison that was previously used to incarcerate cannabis users.
- The $150 million investment made by Green Thumb to refurbish and remodel the site will create hundreds of construction jobs and permanent employment in the region.
- Senator John Martucci and Assemblymember Karl Brabenec were in attendance at the groundbreaking ceremony
- The area has a rich history. Before being a prison, the site was also home to the Warwick State Training School for Boys, which was founded in the 1920s. Eleanor Roosevelt and then-Senator Franklin Roosevelt were supporters of the school.
3 comments
domnic toretto
May 11, 2022 at 5:31 am
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May 21, 2022 at 1:09 pm
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mike mclaughlin
May 23, 2022 at 1:05 pm
Good luck NY. Let’s see if they can grow cannabis all year and through a New York winter and suomehow survive the state’s regulations and heavy taxes.
It seems IMHO that Americans businesses cannot think small for any reason and always want to UPSCALE everything, thinking that is the model for success. 1 acre of pot, to start no, make it 100 acres and lets do some extraction and crackle and oils and sell bongs too.
Finally the social justice warrior really believe some uneducated exfelon who sold pot on a corner and got caught, and convicted by a jury of his peers, is somehow going to make a success in the cannabis business.