GRAND RAPIDS, Minn. (WCCO) – Minnesota is getting ready to put up millions to grow marijuana in-state. HWY35 Cannabis LLC plans to open a cannabis cultivation and manufacturing facility inside the 138-acre building which used to house a lumber mill in Grand Rapids. The mill closed in 2008 and city leaders have been seeking a use for it for years.
“Kind of a bucket list for me in terms of bringing an industry, some jobs back to where I grew up,” HWY35 Project Partner and Investor John Hyduke said.
The project is expected to cost an estimated $67 million. The company hopes to grow a diverse range of cannabis strains that could be used in gummies, beverages, topicals, and more. Then, they’ll sell them to dispensaries. They don’t plan to sell on site and will be seeking two licenses: cultivation and manufacturing.
The Iron Range Resources and Rehabilitation Board is granting HWY35 $10 million in loans to become “an industry leader for the state of Minnesota.” Officials say will be equipped with LED grow lights, HVAC systems, and automated nutrient delivery systems, and is expected to create 400 jobs and increase tax revenue.
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