The rapid growth of this new industry will put pressure on the country’s industrial real estate market, which was already booming before talks of legalization materialized. The rate of industrial vacancies 100,000 young cannabis plants from Ontario to British Columbia to kickstart production at what is being called the largest cannabis production facility in the world. This new facility is run by BC Tweed Joint Venture Inc., a partnership between Canadian cannabis giant Canopy Growth and a B.C.-based greenhouse operator.
These young cannabis plants were harvested in Canopy Growth’s grow-op in Ontario before being flown into Vancouver International Airport this week under heavy security. The plants were then transferred to the new facility in armored cars, where they will mature in greenhouses formerly used to grow bell peppers. This new cultivation facility covers 30 acres, or 1.3 million square feet, and is designed to grow 350,000 cannabis plants, which can produce tens of thousands of pounds of flower annually.
“This will be even bigger than the end of prohibition of alcohol, because we have so many more people, acceptance, and technology,” Gaurav Mathur, research manager at Jones Lang LaSalle Canada,