Monday, November 13, 2017 1:24:02 PM
project—consider that the Commonwealth of Massachusetts is going to need MMCC’s 1,000,000 SF and five more like by end of ‘18 just to keep up with demand. A 50,000 SF cultivation facility in a converted warehouse is insignificant in the whole picture.
Massachusetts opens for full legal cannabis on Sunday, July 1, 2018–The lines at the very limited number of dispensaries will
be around the block three times, prices will be $6,200 a pound ( double western state prices) with short supply and the media will be all over the story.
The same as Colorado and Nevada when they opened for full legalization-except Massachusetts will be far bigger. They will be the only full legal state in the entire northeast.
The development of the adult use cannabis market in Massachusetts is a giant business opportunity for anyone that’s in it.
And ACAN isn’t just in it, they have a three year head start and their MMCC project-the large environmentally advanced state of the art greenhouse cultivation and extraction facility shovel ready with the first phase pre leased and construction about to commence.
As for not getting any of their other projects built—anyone that follows the ACAN story knows they
have contributed over $2,000,000 in corporate cash toward the build out, with local licensees, in Colorado and Illinois, of two large cannabis producing facilities that have both been finished and are producing premium cannabis daily.
The MMCC project in Freetown is where the company has their biggest investment and major upside by far, but the other earlier developments were good for learning the cannabis business first hand and the economics were just fine for shareholders.
2018 will likely be a very exciting time for ACAN. They went into Massachusetts cannabis heavy and early and they are about to reap the dividends.
There is a major cannabis forum in Boston November 15 ( Wednesday) with all the movers and shakers in Massachusetts cannabis. (google for details )
The new CCC commissioner who will be in charge of the Massachusetts program will speaking and so will ACAN CEO Tim Keogh.
Anyone in the area might attend to learn just how enormous the Massachusetts cannabis market is going to be. $ACAN
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