A medical marijuana company has expressed interest in locating a cultivation and production facility in Yellow Springs.
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Village Council President Karen Wintrow announced at this week’s council meeting that the Village received an inquiry late last week from Cresco Labs, a Illinois-based medical cannabis company, regarding potentially opening a facility in Yellow Springs.
“I feel it is an opportunity the Village should explore,” Wintrow said at the meeting.
Congress included a provision in its new budget bill that says the Department of Justice can’t spend money on medical marijuana prosecutions.
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The company is interested in purchasing land for the facility and is not seeking tax abatements or other incentives, Wintrow said.
The opportunity would create new jobs and expand the village’s tax base. Based on Village leaders’ initial discussions during the May 15 meeting with Cresco company representatives, the estimated $5 million facility would create 65 jobs at an average