Light It Up: New Legal Marijuana Facility Could Save Illinois

There's a budding industry in the little town of Albion, IL. Literally. Since Illinois is one of 23 states with medical marijuana, Chicago-based distributor Ataraxia chose the historic community of 1,900 people to build a center.

The new warehouse, which will turn cannabis into medicine in the form of oils, edibles and creams, will also provide much-needed employment and economic stimulation, from construction to operation. CEO George Archos hopes to hire up to 60 workers and sees the new warehouse as a way to diversify the community's employment.

The facility is on a former cornfield, which was bought from local developers for $5k an acre at a 50% discount. The city paid to build a road and extend water and sewer lines.

"It's brought life to our little town," resident Cheryl Taylor says about the new facility. [The Southern]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

REPORT: Amazon Eyes Next Industrial Push With Plans To Expand Same-Day Deliveries

Fed Raises Benchmark Rate, Intensifying Borrowing Cost Blues

Google Delays Thompson Center Opening To 2028, Releases New Renderings

Stockdale Hires Fortress Exec To Launch Debt Business

Inside The Nationwide Jockeying For Opportunity Zones 2.0

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

Hines And Rialto Close Office Credit Fund At $1.1B

Chipotle Adding Hundreds Of New Locations Worldwide

'Beyond A Routine Wobble': 10-Year Treasury Clears 5% Ahead Of Key Fed Meeting

How Crystal Lake 'Connects The Dots' To Building Complete Community