Cannabis Construction News and Planned Industrial Project Reports for 2024

Research by SalesLeads’ experienced industrial market research team, shows 55 new planned Cannabis and Medical Marijuana projects tracked during the year 2024. Planned industrial project activity within the sector is down 18% YTD over the previous year.

The following are selected highlights on new cannabis and medical marijuana industry construction news.

Cannabis - By Project Type

              Processing Facilities - 48 New Projects

              Distribution and Industrial Warehouse - 9 New Projects

Cannabis - By Project Scope/Activity

              New Construction - 16 New Projects

              Expansion - 7 New Projects

              Renovations/Equipment Upgrades - 30 New Projects

Cannabis - By Project Location (Top 5 States)

              California - 12

              New Jersey - 7

              Michigan - 6

              Connecticut - 5

              Massachusetts - 4

Largest Planned Project

During the year 2024, our research team identified 2 new Cannabis facility construction projects with an estimated value of $25 million or more.

The largest project is owned by Bright Green Corporation, who is planning to invest $250 million for the expansion of their growing, processing, laboratory, and research facility in GRANTS, NM.

Top 5 Tracked Cannabis and Medical Marijuana Projects

FLORIDA

Medicinal marijuana provider is planning for the renovation and equipment upgrades on a recently leased 98,000 sf growing and processing facility in OCALA, FL. Completion is slated for Summer 2025.

CONNECTICUT

Medicinal marijuana provider is planning to invest $16 million for the renovation and equipment upgrades on a 58,000 sf growing and processing facility in EAST HARTFORD, CT.

OHIO

Medicinal marijuana provider is planning to invest $14 million for a 27,000 sf expansion and equipment upgrades on their growing and processing facility in OBERLIN, OH. Completion is slated for Spring 2025.

CALIFORNIA

Startup medicinal marijuana provider is planning for the construction of two growing, processing and distribution facilities totaling 73,000 sf at 42653 Sierra Hwy in LANCASTER, CA.

NEW JERSEY

Medicinal marijuana provider is planning for the construction of a 68,000 sf growing and processing facility in SHAMONG, NJ. Construction will occur in two phases, with completion slated for 2027.

About Industrial SalesLeads, Inc.

Since 1959, Industrial SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and Outsourced Lead Generation services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Lead Generation Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team. Visit us at salesleadsinc.com.

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