Flora California Prime, a cannabis company based in San Diego, intends to build a $200 million cannabis campus in Buffalo once New York legalizes recreational cannabis. Flora California Prime is undertaking the project as a joint venture with Zephyrs Investors (a real estate development firm owned by Brad Termini).
The facility would create up to 1,000 jobs during and after its construction in the vicinity of Tifft Nature Preserve in Buffalo. These people would be employed to do research work, work in the labs, be involved in manufacturing and other related activities.
Brian Termini, the co-founder of Flora California Prime revealed that they saw a major opportunity when New York started taking steps to legalize recreational marijuana.
The Buffalo Urban Development Corporation, the relevant city agency, has already approved the sale of the land to Flora at approximately $2 million, subject to an appraisal. At 47 acres, the Flora facility would be one of the largest throughout the country.
Brian Termini revealed that his company would be ready to start construction work in less than 120 days after the city grants them a permit to go ahead with the project.
However, Termini admitted that his company was not yet sure how the cannabis grown and processed at the facility would be distributed. He said that those details will emerge once the law legalizing recreational cannabis has been passed since the law will provide the guidelines that the company will comply with when designing its distribution system.
He also added that he hopes that the cannabis campus would be operational within a year, but added that no cannabis will be retailed from its premises.
The project will also involve conducting marijuana research, especially on how cannabis can be used in the treatment of cancer. The research activities will be carried out in conjunction with Roswell Park Comprehensive Cancer Institute.
It is widely expected that a recreational marijuana law will be passed in March or April this year, especially after Gov. Cuomo indicated that the passing of this law would be one of his priorities in the first 100 days of his third term in office.
The city of Buffalo is very hopeful about is economic prospects once the Flora facility is open. This is because the city has been keeping tabs on events across the border in Ontario where several multi-billion companies have emerged from the time medical cannabis was legalized in Canada.
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