LAS VEGAS – A booming marijuana industry means companies are expanding. Premium Produce is spending millions on a major expansion.
The grower is making cannabis-infused products for both the recreational and medical markets.
“This area is our propagation area,” manager Frank Cabrera said as he gave 8 News NOW a tour. “We cut down clones. Humidity-controlled, temperature-controlled, remotely-controlled.”
Premium Produce is a 5,000 square foot production and cultivation facility.
“We’re preparing our chapstick ‘kiss meh’ line,” Priscilla Vilchis, the CEO of Premium Produce.
“We have over seven strains in this room at this time,” Cabrerra said.
Like man other valley marijuana businesses, Premium Produce is growing as fast as the marijuana it produces.
“The reason we’re able to expand is because it’s the new market, it’s the new billion-dollar industry,” Vilchis said.
Vilchis is bullish about the marijuana market in Nevada.
“Forbes printed that Nevada made $195 million in six months, that you can’t lie with numbers like that,” said Vilchis. “That is why we are so eager to complete our expansion.”
When construction wraps up in about six weeks, the facility will be five times its current operating size.
One of 10 additional marijuana growing rooms being built at Premium Produce will complete the $8 million project.
Vilchis expects investments like these by marijuana businesses will quickly pay off.
“We’re going to be able to bring in so many jobs, taxes for the state of Nevada,” Vilchis said. “It’s a win-win for everyone, as well as business owners like myself.”
The most recent numbers show retailers statewide have sold nearly $230 million in recreational marijuana products since July 2017.