It's official: Yellow Springs will soon be home to a massive, environmentally friendly, medical-marijuana facility. Department of Commerce officials Thursday awarded medical marijuana-cultivation licenses to a dozen companies across the state.
More than 100 companies applied to cultivate medical marijuana in Ohio. The state’s announcement paves the way for Chicago-based Cresco Labs to build a multimillion dollar cultivation facility on eight acres of village-owned land near Antioch University.
Yellow Springs stands to make about $160,000 dollars on the deal.
In a statement, Village Council President Karen Wintrow says the medical marijuana facility will generate needed jobs and tax revenue for the village, and align well with Yellow Springs’ values.
Cresco officials say the company is also seeking separate dispensary and processing licenses, which would allow it to produce cannabis-based medications for patients participating in the state’s new medical marijuana program. The products would include, "pharmaceutical-grade oral sprays, sublingual digestible tablets, transdermal patches and other forms of cannabis oil to provide users with a consistent, controlled dosage," officials say.
The state has also awarded a company called Pure Ohio Wellness a license to cultivate medical marijuana from an existing building on Dayton-Springfield Road in Clark County.