Ethan Ruby, president of Theraplant, talks about the process he is undergoing to seek a license to open a medical marijuana growing facility in Watertown.
Below is an article about Ruby’s plans from Hartford Courant reporter Matthew Sturdevant. Click here to read more.
A Colorado man wants to spend millions of dollars to convert a former industrial paint factory in Watertown into a large-scale growing operation for medical marijuana.
Ethan Ruby, 38, said plans hinge on whether he gets one of the limited number of state licenses to produce medical marijuana in Connecticut. The state could start accepting applications from would-be growers this fall for approval as early as the end of this year.
“Everything is pending this approval,” Ruby said. “Nothing is a foregone conclusion.”
If the state agrees to give Ruby a license, and he gets the necessary approvals to proceed from town officials, his company, Theraplant, is interested in buying a 63,443-square-foot building at 856 Echo Lake Road. The 10-acre property in the Watertown Industrial Park is about 1.8 miles from Exit 37 off Route 8.
The property is listed for $2.5 million and Theraplant has signed a letter of intent to purchase it, although Ruby said he is negotiating the price.