This year, Canadian cannabis company Sunniva Inc. broke ground on a $54 million development project in Cathedral City – a 489,000 square foot, multi-functioning marijuana facility.
The company is constructing two buildings on Ramon Road, where it will grow, process and sell marijuana. Projected tax revenue from the project is $5 million annually, and Sunniva is set to employ more than 100 people once construction is complete.
But getting to this point was not an easy task. Though weed was made legal in California as of January, strict regulations are currently in place on marijuana companies when it comes to development, including licensing caps – only one license is allowed per 22,000 square feet.
With a campus so large, how has Sunniva managed to come together? We discuss.
Greg Pettis, mayor pro-tem of Cathedral CityAmy DiPierro, real estate and business reporter at The Desert Sun; she tweets @amydipierro