A Colorado-based hashish firm has canceled its plans to construct a manufacturing facility in Auburn, New York that was anticipated to create about 100 jobs, resulting from delays within the state’s licensing course of, The Citizen experiences. Peter Marcus, vice chairman of communications for Terrapin, advised The Citizen that the delays have made it “inconceivable” to maneuver forward with the power.
“Terrapin was very hopeful the New York hashish market could be an thrilling alternative in probably the most dynamic markets within the nation. Sadly, we have now watched implementation of this system crippled by painful delays and lawsuits. In the end, hashish retail has not launched adequately to justify getting into the market with a manufacturing facility presently.” — Marcus to The Citizen
The corporate had introduced the plan in October 2021 and the Auburn Industrial Growth Authority accredited a letter of intent submitted by the corporate that month. The power would have been situated within the Auburn Expertise Park and Terrapin mentioned it could price between $20 million and $30 million to construct.
In an interview with The Citizen, Auburn Metropolis Councilor Jimmy Giannettino known as Terrapin’s resolution “disappointing” and “indicative of the dysfunction in Albany in launching the adult-use market, which was accredited by lawmakers greater than two years in the past.
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