Over the past decade, in various parts of southwest Michigan, the number of abandoned and collapsing buildings has grown, due partly to businesses moving out, closing down or scaling back because of dwindling resources. As jobs and opportunities disappeared, residents also moved away, leaving these areas with more and more empty warehouses, storefronts and apartments reported the South Bend Tribune.
Then, a light of hope appeared: legalized cannabis.
Empty Locations Attract Investors
Investors from the cannabis space became very interested in these abandoned places as ideal locations for their operations, whether to set up dispensaries, cultivation facilities or processing plants.
According to city leaders, the cannabis industry pushed for and completed rebuilding activities in the area within a couple of years, which otherwise would have taken up to a decade.
More than $50 million was invested in the …