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Old 10-02-2015, 03:58 PM
 
Location: Colorado Springs
3,961 posts, read 4,392,226 times
Reputation: 5273

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Quote:
Originally Posted by Josseppie View Post
Real estate prices are rising, too. Industrial properties have nearly doubled in price to $50 per square foot just since 2014, says local realtor Kendall Curtis, and now that the first outdoor grows and greenhouses are materializing, agricultural land prices have doubled to up to $10,000 an acre.

This is a very dangerous situation as the weed business begins driving up prices that make it more difficult for other industries to compete with them for commercial real estate. Starting a new business in any sort of manufacturing or warehousing and you have just cut severely into your margins just trying to secure floor space from an industry willing to pay double the price in cash for the same footprint you need. I fear this may drive some other businesses from starting or relocating here because of the escalating cost of commercial real estate.
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Old 10-02-2015, 04:12 PM
 
Location: Pueblo - Colorado's Second City
12,262 posts, read 24,464,513 times
Reputation: 4395
Quote:
Originally Posted by TCHP View Post
This is a very dangerous situation as the weed business begins driving up prices that make it more difficult for other industries to compete with them for commercial real estate. Starting a new business in any sort of manufacturing or warehousing and you have just cut severely into your margins just trying to secure floor space from an industry willing to pay double the price in cash for the same footprint you need. I fear this may drive some other businesses from starting or relocating here because of the escalating cost of commercial real estate.
Considering what happened here in the 80's and what the "rust belt" is like even today that is a chance I am willing to take. Because if this is successful then it could bring thousands of jobs and a lot more industry and that would bring in new companies.

Last edited by Josseppie; 10-02-2015 at 04:55 PM..
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Old 10-03-2015, 03:25 PM
 
Location: Pueblo - Colorado's Second City
12,262 posts, read 24,464,513 times
Reputation: 4395
Exclamation PEDCO: Rail, aerospace also targeted for growth

Now the Pueblo Economic Development Corporation is going to include hemp in its "cluster" groups they will target for getting companies to move to Pueblo. This is just one more example as to how legalizing weed could really have a profound impact on the Pueblo economy and I never saw it coming.



This is from the Chieftain:



The hemp industry’s potential to create thousands of jobs isn’t going unnoticed by the Pueblo Economic Development Corp. The job creation group continues to field calls and hold talks with prospective companies involved in research, development and production of hemp products, PEDCO President Jack Rink says.


- See more at: PEDCO: Rail, aerospace also targeted for growth | The Pueblo Chieftain

Last edited by Josseppie; 10-03-2015 at 03:33 PM..
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Old 10-20-2015, 03:39 PM
 
Location: Pueblo - Colorado's Second City
12,262 posts, read 24,464,513 times
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Exclamation Welcome to Pueblo, Colorado: the 'pot rush' town for the marijuana industry

This is a mixed good news bad news article about all the people moving to Pueblo due to weed. However, as usual, it understates how important steel remains in Pueblo as the steel mill employs over 1,200 people.

In cars stuffed with clothes, boxes and furniture precariously tied to car roofs, they come to sit patiently in waiting rooms at social service agencies, in soup kitchens and motels.

They’ve made it to Pueblo, Colorado, a city of just over 100,000 where recreational marijuana sales became legal in 2014.

The new arrivals aren’t on a so-called “weedcation” to visit the swath of new pot shops and spots with weed-tasting menus, which are now sprinkled throughout the state. Instead, they hope to settle and make a new life in the pot industry.

The link: Welcome to Pueblo, Colorado: the 'pot rush' town for the marijuana industry | Society | The Guardian
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Old 10-21-2015, 10:09 AM
 
Location: The 719
18,021 posts, read 27,468,060 times
Reputation: 17342
Quote:
Originally Posted by TCHP View Post
This is a very dangerous situation as the weed business begins driving up prices that make it more difficult for other industries to compete with them for commercial real estate. Starting a new business in any sort of manufacturing or warehousing and you have just cut severely into your margins just trying to secure floor space from an industry willing to pay double the price in cash for the same footprint you need. I fear this may drive some other businesses from starting or relocating here because of the escalating cost of commercial real estate.

HA!

As if they were going to start up a business here anyway.
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Old 10-21-2015, 10:39 AM
 
977 posts, read 1,328,629 times
Reputation: 1211
Quote:
Originally Posted by TCHP View Post
This is a very dangerous situation as the weed business begins driving up prices that make it more difficult for other industries to compete with them for commercial real estate. Starting a new business in any sort of manufacturing or warehousing and you have just cut severely into your margins just trying to secure floor space from an industry willing to pay double the price in cash for the same footprint you need. I fear this may drive some other businesses from starting or relocating here because of the escalating cost of commercial real estate.
In Denver the strong demand for industrial space for grow houses has disrupted the industrial real estate market by boosting up the prices for Class C spaces where they end up paying more then even brand new Class A industrial space. Given the ambiguous legality of the marijuana industry, growers are expect to pay higher rents for lower quality space to cover the risk that the landlords take in providing them space in the first place (and to also cover costs such as HVAC refits and electrical upgrades). One thing that this has resulted in is that older industrial space that should probably be torn down and replaced is having it's life extended as growers sign 20-year leases. Which means that there might be a shortage of modern industrial space in the future.

There could be a similar situation in Pueblo.
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Old 10-23-2015, 02:04 PM
 
Location: Pueblo - Colorado's Second City
12,262 posts, read 24,464,513 times
Reputation: 4395
Default Hemp R&D operation to come to Pueblo

Another company is moving to Pueblo in the hemp industry!

This is from the Pueblo Chieftain:


CBD Biosciences has announced the company plans to locate a major hemp oil processing operation in Pueblo, CO. The company will employ 163 people and will locate in the former Boeing rocket production building at the Pueblo Airport Industrial Park. The deal, structured by PEDCO, must be approved in open session by the Pueblo City Council and the Pueblo County Commissioners. The City Council will consider the matter on Monday, October 26th.

The planned Pueblo facility will process hemp products only and will not be used for medical or recreational marijuana. By law, hemp can only contain trace amounts of THC which is the psychoactive component of marijuana.

- See more at: Hemp R&D operation to come to Pueblo | The Pueblo Chieftain
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Old 10-27-2015, 12:26 AM
 
Location: Pueblo - Colorado's Second City
12,262 posts, read 24,464,513 times
Reputation: 4395
KOAA is reporting that the Pueblo City Council voted on Monday night to approve a hemp processing business into the city and that this will be the biggest hemp processing facility in the nation. More good news for Pueblo!!!

Last edited by Josseppie; 10-27-2015 at 12:40 AM..
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Old 10-27-2015, 09:09 AM
 
977 posts, read 1,328,629 times
Reputation: 1211
Quote:
Originally Posted by Josseppie View Post
KOAA is reporting that the Pueblo City Council voted on Monday night to approve a hemp processing business into the city and that this will be the biggest hemp processing facility in the nation. More good news for Pueblo!!!
You just mentioned it on October 23rd- Hemp R&D operation to come to Pueblo | The Pueblo Chieftain.
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Old 10-27-2015, 09:42 AM
 
Location: Pueblo - Colorado's Second City
12,262 posts, read 24,464,513 times
Reputation: 4395
Quote:
Originally Posted by wong21fr View Post
I did but it had to be passed by the city council to be official and that was done at last nights session.
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