65,625 square feet:
US (NV): Marapharm building third facility in Las Vegas
“Current pricing and comparable facilities in Nevada indicate that revenue from the new 3 story building will potentially be $50 million gross and $30 million net, after operating costs, for the first year. We will be at about 20% build out with regard to the square footage of the licenses we have. Marapharm is the largest marijuana license holder in Nevada.” Linda Sampson, CEO, Marapharm.
Marapharm engaged Kurt Keating to do the evaluation of this project. Kurt won 2 High Times Cannabis Cups in 2014 while cultivating medical cannabis and he has been consulting, evaluating and growing cannabis for several years. The market price for this type of marijuana at present is approximately $2300 wholesale per pound in Nevada. The evaluation for the three floors is 22,600 pounds per year.