LUTHERVILLE — Ethan Consulting Group has acquired a second-generation cannabis/hemp facility, located on a nearly 32-acre parcel in Dorchester County, from KRA Wellness Group LLC, for $2.1 million.
The site is contained within a Maryland Enterprise Zone. MacKenzie Commercial Real Estate Services LLC Senior Vice President and Principal Trish Farrell represented the seller in this transaction.
The Maryland Cannabis Administration approved Ethan Consulting Group for a Maryland state license to cultivate and produce cannabis-related products for both the adult-use and medical markets. The farm includes nearly 120,000 square feet of enclosed space among 12 semi-gable greenhouse-style structures that can be used for indoor growing operations, as well as 24 tillable acres for outdoor growing.
The site also includes a nearly 2,500-square-foot operational center, three steel sheds, four 5,000-square-foot greenhouses and a workshop area.
“The new owner acquired structures and an infrastructure that can be readily retrofitted to fulfill its planned use,†Farrell said in a press release. “The site’s placement within an approved Maryland Enterprise Zone qualifies the group for income tax credits when achieving employment and financial investment benchmarks.â€
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