The first cannabis company to ever be licensed for sales in the US, Canada and the European Union, TerrAscend, has received approval to open a new facility through one of its subsidiaries. It was announced a couple of days ago that that TerrAscend Utah was granted approval to operate as a Medical Cannabis Processor License by the Utah Department of Agriculture and Food. The Beehive State will continue to increase its participation in the cannabis industry with this new St. George-based facility.
“From our partners there, they said this was a good area, and we met with (St. George Mayor Jon Pike) and I really enjoyed my meeting with him as he made it clear he had some high expectations for the people he wanted to partner with,” said Brian Feldman, General Counsel for TerrAscend and TerrAscend Utah representative. “Met with some other local health officials, and it just seemed like it was just a really great place to do business, and that’s why we ended up going down there.”
Field strongly believes that this will benefit the community with new job openings and also by being a supplier to the increased number of healthcare providers. “In terms of benefit to the community, we like that there are some big hospitals there that include some pretty large affiliations so we can hopefully help in getting people the medical help that they need and also employ some local people,” Feldman said. “We really want to help out the community and are looking for some spaces while there’s some land there that needs tenants, so we’re looking forward to doing that.”
The initiative originated from Prominent city officials and the president of St. George Economic Development, who participated in the recruitment of TerrAscend. “TerrAscend has a proven record of pharmaceutical research and development of products that meet the high standards our state policymakers intended when they passed the law,” adds Jeriah Threlfall, one of the city officials.