MedMen, a cannabis management and capital firm from Los Angeles, broke ground this week on a new $15 million, 45,000-square-foot production and cultivation facility off Interstate 80 Exit 23 in Washoe County.
The facility is expected to be operational in 2017. It will have a state-of-art greenhouse, an extraction and production facility and a test lab. It is expected to produce 10,000 pounds of cannabis annually.
“Cannabis is the fastest growing industry in the country, expected to reach more than $20 billion dollars in sales by 2020,” said Adam Bierman, MedMen’s chief executive officer and co-founder. “We selected Nevada for a number of reasons, in no small part its business friendly environment, but above all because this state is on the leading edge of the cannabis evolution.”
MedMen will manage the facility, which will produce flower, concentrates and a range of marijuana infused products. Miles Construction, a northern Nevada contractor, is starting construction on the project immediately.
MedMen said that it will employ nearly 200 people during the construction phase, and 50 people when the facility is operational.
