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Perfect economic, weather conditions lure pot growers to Pueblo

Submitted by Marijuana News on Mon, 08/03/2015 - 06:20

AVONDALE —Denver-based Two Rivers Water & Farming Co. typically can reel in $4,000 to $5,000 for every acre of corn, cabbage and pumpkins it plants. But Two Rivers is aiming for far higher cash yields by leasing land to cannabis growers.

Publicly traded Two Rivers, which last year logged $2.4 million in revenue by converting acreage to high-yield fruits and vegetables from feed crops, has spun off a subsidiary, GrowCo Inc., that is building huge greenhouses to lease to licensed recreational marijuana growers at about $1 million an acre.

Workers install insulation onto a greenhouse in Avondale on July 22. The building is one of the four 91,000-square-foot greenhouses for GrowCo.
Workers install insulation onto a greenhouse in Avondale on July
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URL: 
http://www.denverpost.com/business/ci_28569136/perfect-economic-weather-conditions-lure-pot-growers-pueblo

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