So the land is zoned agricultural and the building was approved to be built per the specs issued by CEN/land owner/etc. Regardless of what the use of the building is stated on the permit (ag storage vs MJ production), the building was built, inspected and approved per the specs provided. I would think that this kills off any argument of a neighbor regarding the look of the building from the outside as the building as it exists is fully approved to stand as it is. Let's say that CEN never grows a single plant in the buildings - the buildings are legit in regards to building permits and approvals by the town.
Now for what they do inside of those buildings - they can grow MMJ because that is agriculture - I think we're all in agreement with that. The concern then moves to 6000sq ft of processing space. 6000sq ft is a large area people - 80ft x 75 ft is a significant area to store, package, etc. Does everyone realize how small an ounce of MJ is? How much room do you think we really need to process this commodity over the course of the next 2 years? This is plenty of room based on our current facilities and anticipated sales in the next 1-2 years.
If we can't build bldgs 3,4,5, etc on this piece of land as a result of this issue, OK. We would need HC to inspect those buildings/operations anyway and those plans are years out anyway. So the net effect is that we'll have to find a new piece of land to build such structures and start over with a new town/location. The added expense would be the cost of land/lease on a new piece of property and admin work with a new town. How much does that really add to the fixed overhead when you consider a gross margin of 60% or more? Not too much.
Yes, CEN mgmt underestimated and overlooked a number of things here, but there is nothing to suggest that they can't start operations given the status current laws, right? I appreciate any feedback from fellow posters.
Regards,
-kbulldog.
Now for what they do inside of those buildings - they can grow MMJ because that is agriculture - I think we're all in agreement with that. The concern then moves to 6000sq ft of processing space. 6000sq ft is a large area people - 80ft x 75 ft is a significant area to store, package, etc. Does everyone realize how small an ounce of MJ is? How much room do you think we really need to process this commodity over the course of the next 2 years? This is plenty of room based on our current facilities and anticipated sales in the next 1-2 years.
If we can't build bldgs 3,4,5, etc on this piece of land as a result of this issue, OK. We would need HC to inspect those buildings/operations anyway and those plans are years out anyway. So the net effect is that we'll have to find a new piece of land to build such structures and start over with a new town/location. The added expense would be the cost of land/lease on a new piece of property and admin work with a new town. How much does that really add to the fixed overhead when you consider a gross margin of 60% or more? Not too much.
Yes, CEN mgmt underestimated and overlooked a number of things here, but there is nothing to suggest that they can't start operations given the status current laws, right? I appreciate any feedback from fellow posters.
Regards,
-kbulldog.
