Based on 35000sqft of MJ cultivation facility and production The proposed facility is approximately 35,000 Sq ft and will contain both cultivation and production at the same location. The team is working towards completing their state application while at the same time working aggressively towards submitting an application to the City of Las Vegas to operate a medical Cannabis dispensary. The company intends to give further updates about their efforts throughout Nevada as they progress through the process, reach certain milestones and enter new applications. http://finance.yahoo.com/news/terra-tech-subsidiary-medifarm-llc-200100592.html ; ; http://www.reviewjournal.com/business/publicly-traded-terra-tech-looks-snag-medical-marijuana-license ; ;
MJ plants sells wholesale for $2,500 to $3,500 per LB . A 35000 sqft cultivation & production facility will generate over $325,000 per week for edibles and MJ wholesale.
Peterson envisions a 30,000 square-feet to 50,000 square-feet cultivation plant, for which the company budgeted $3 million. A production facility could cost about $1 million, he said, while a retail store could cost between $500,000 and $700,0000, plus another $100,000 for security.
The company picked out real estate for a dispensary near Desert Inn Road and Decatur Boulevard, in order to be close to the local population and a short distance from the Strip and downtown Las Vegas.
Here’s how Peterson breaks down the figures: a 50,000 square foot cultivation facility, with a staggered growth schedule, could produce 50 to 75 pounds of marijuana a week.
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