Holistic Industries, a private vertically integrated cannabis operator based in Washington, D.C., plans to invest $20 million into a 65,000-square-foot Madison Heights property for its Michigan headquarters. The project is expected to take one year to 18 months to complete.
Located at 29600 Stephenson Highway, the medical cannabis cultivation, processing, and provisioning center will house Holistic’s flagship retail location. Demolition is expected to start this week with a groundbreaking to follow. The retail portion is expected to open in late summer 2020 with production and processing to follow. Once open, the production center will supply the onsite provisioning center and other stores across southeast Michigan.
“Madison Heights has made great strides to increase economic development in the community, and with the cannabis industry in Michigan about to explode, we are thrilled Holistic Industries chose our city for their headquarters,” says Madison Heights Mayor Brian Hartwell. “We’ve seen Holistic’s operating model in other locations and the positive impact they have on those communities, which is why we trust them to transform, beautify, and revitalize a property that is currently a detriment to Madison Heights.”
Holistic plans to add environmentally friendly landscaping and hire and train locally. Once the facility is close to completion, there will be more than 50 job openings for both hourly and salaried employees. The company will also establish the Reaching New Heights community investment fund to support local organizations and projects.
“Through our partnership with Holistic Industries on the Reaching New Heights investment fund, we have a partner with whom we can address the most pressing needs in the community,” says Roslyn Grafstein, mayor pro tem of Madison Heights. “From planting trees and other city beautification initiatives to providing cannabis education and community support, Holistic’s investment in our city is a giant step forward in the continued economic development of Madison Heights.”
The company plans to host community events to help educate city residents on the project.
“We started as a family business and have those values at our core, which is why we wholeheartedly embrace the Madison Heights’ slogan, ‘This is Home,’ and now consider ourselves part of the Madison Heights community,” says Josh Genderson, CEO of Holistic. “We are excited to share in the pride of Madison Heights as we transform this site from a dilapidated space to a community show piece.”
Holistic also has operations in California, Maryland, Massachusetts, Pennsylvania, and Washington, D.C.