Site plan approval for three new industrial buildings and an accessory retail store has been given the nod by Council for Muskoka Grown, a Bracebridge based cannabis company that has secured a $10 million investment recently.
The Province is allowing municipalities to opt in or out of retail cannabis stores, but councillors approved the plan for now before they make a decision on retail cannabis in the new year.
A Town report on the local opt-in/out ramifications is expected to arrive in January.
The multi-million investment will allow for a 40 thousand foot processing facility and retail shop. The investment could also provide 100 new jobs, 80 percent of which would be local hires. The new facility and retail shop could be built by May 2019.
Mayor Graydon Smith says he’s happy to see Muskoka Grown’s level of investment in Bracebridge “continuing unabated” and reminded councillors that the cannabis sector is one of Bracebridge’s growth industries.
If Council opts out in the new year, cannabis wouldn’t be allowed for retail sale in Bracebridge.