The waste management company intends to use the former College of St. Joseph space to create new offices, a training center and, possibly, short-term employee housing.
“Get your wallet out,” said one cannabis entrepreneur. “It’s incredibly expensive.”
A cannabis business owner purchased a four-unit apartment in Middlebury. As employers buy property to house their workers, others in need of workforce housing are out of luck.
Four retail operations are now licensed to open Oct. 1.
The facility will be located in the former Energizer Plant on Route 7 and allow Beta to expand its battery testing operations, the company said Wednesday.
The Upper Valley Loan Fund, supported by eight employers in the region, is slated to yield as many as 260 additional rental homes over the next two or three years.
Four Vermont institutions now offer banking for cannabis businesses, but some small growers look elsewhere due to expense.
The town’s zoning board of adjustment concluded there was not enough evidence to show the airstrip would be of minor consequence to neighbors or that such airstrips are customary in Vermont.
The Hartland Planning Commission sees the project as a “commercial retail business,” it said in a statement. “As such, it does not comply with the town plan that only allows low density residential development with home occupations in the rural district.”
Andrew Subin, a Burlington attorney who advises cannabis businesses, predicted it may be January before stores have a sufficient supply on their shelves.