Have you heard of a city called Adelanto? Chances are you haven’t. It’s a sleepy California city in San Bernardino County that could soon become the Silicon Valley of medical marijuana.
According to the Los Angeles time, there are 360 acres zoned for growing medical marijuana in the city. This once struggling desert city that was $3 million in debt could have found the cure to its economic troubles.
Factories are being changed into marijuana cultivation warehouses or cannabis oil extraction facilities. The city is large enough to one day potentially feed California’s growing demand for medical marijuana. There’s a 30 acre industrial park in the city that divided into 21 units will be sold to marijuana cultivators for $7.5 million each.
Last year alone, the people in the Golden State spent a whopping $1.8 billion on it. This counts for about one third of the North American legal market according to Arcview Market Research.
“We’ve always tried to be opportunistic, and we saw a place where we could fill a need,” said James Previti, a developer in the Inland Empire who is building the 21 units.
Could the next cannabis boom be in Southern California?
