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Plainfield council backs letter of support for cannabis cultivation/manufacturing at Madison Avenue site; city could receive ~2% revenue
Summary
The Plainfield City Council voted to support a cannabis cultivation and manufacturing operation proposed for 300–324 Madison Avenue; staff estimated the city could receive roughly 2% of facility revenue if the projects move forward.
The Plainfield City Council voted to support a cannabis cultivation and manufacturing operation proposed for 300–324 Madison Avenue and to provide a letter of support for a related application.
“The cannabis cultivation and manufacturing offers the city an opportunity to receive 2% of the total revenue,” the director of economic development told the council and estimated each facility could generate “a little over $10,000,000 in revenue” for cultivation and a similar amount for manufacturing, producing roughly $400,000 annually at the cited 2% rate.
Council members asked how the city…
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