Wednesday, May 26, 2010
Thar's gold in them thar weeds!
And somebody finally did the economic analysis to see how much money there was to be made with a legal commercial medical marijuana growhouse.
My gut instinct said that this would be a great revenue and job generator for the city,” she said. "But after running the numbers, “I went, ‘Wow, that’s really a job generator.'"Turning lovely Oakland by the Bay into Cheebah City for fun and profit.
Brion’s report found that licensing a seven-acre cannabis growing facility near I-880 at the Embarcadero would create up to 371 union jobs, paying an average salary of $53,700 a year. The site could produce an average of 58 pounds of cannabis per day, and generate gross revenues of around $59 million per year. The site would grow an estimated quarter of one percent of the estimated 8.6 million pounds of cannabis cultivated annually in California.
Jeff Wilcox, founder of AgraMed — a non-profit mutual benefit company set up in Oakland specifically to cultivate medical cannabis — commissioned the study. Wilcox, a retired construction company owner, wants to redevelop a seven-acre parcel he owns near I-880 and the Embarcadero. His four-building parcel abuts the Harborside Health Center, which is the West Coast’s most prestigious medical cannabis dispensary.
With largely vacant commercial real estate and a large power capacity, the entrepreneur in him looked at the growing medical cannabis industry and, after consulting with Harborside founder Stephen DeAngelo, concluded a large-scale indoor cannabis farm was an opportunity.
Comments:
<< Home
Yeah, there's money, but it's money that ain't goin' to Big Pharma for their toxic shit that kills your liver and gets them yet more money to fix *that* problem. I'm dubious that the DEA's gonna just sit on their hands here, they gonna be all over him like flies on a cow patty.
- Badtux the Dubious Penguin
- Badtux the Dubious Penguin
Subscribe to Post Comments [Atom]
<< Home
Subscribe to Posts [Atom]
Post a Comment