Etain plans to build a 15,000-square-foot facility in the Tech Meadows industrial park to accommodate its growing medical marijuana operation.
Joe Stevens, chief compliance officer for the company, told the Greater Glens Falls Local Development Corp. on Tuesday that the company is looking to hire 20 employees.
“We’re running out of space in Chestertown,” he said.
The company currently operates a 20,000-square-foot facility and four greenhouses for growing marijuana in Chester on Route 9. Etain spent $4 million on the project.
Etain plans to add 20 jobs in Glens Falls, according to Stevens.
Stevens said the Glens Falls facility would house operations such as filling capsules and vape pens.
“It will be like a pharmaceutical-type facility,” he said.
The company distributes the medicine in pills, tinctures, breath spray or vape pen.
Stevens said no processing or distributing of the marijuana would occur at the Glens Falls facility, which would be about the size of three basketball courts.
“All processing will be done at Chester,” he said.
Etain received one of the five medical marijuana licenses that were awarded by the state in 2015. The company employs 50 people and has dispensaries in New York City, Yonkers, Kingston and Syracuse, according to Stevens.
Stevens reiterated that the Glens Falls facility is just going to be used for manufacturing.
“We’re not looking to expand stores now and the state only allows four now,” he said.
The LDC approved a resolution to sell the lot for $200,000 to Etain.
Councilwoman-at-large Jane Reid asked if products would be shipped from Glens Falls.
Stevens said the company delivers the product in small vehicles. State law requires that the vehicles have a lock box in the car for the medical marijuana and global positioning system tracking. Two employees must be with the vehicle at all times.
The Glens Falls facility would have 24-hour security cameras streaming directly to the security office, according to Stevens.
EDC Warren County President Edward Bartholomew said he believes that Etain will fit nicely in this park.
Etain will likely be coming before the Glens Falls Industrial Development Agency to seek sales and mortgage tax exemptions and a payment in lieu of taxes agreement, according to Bartholomew.
He said he is encouraged by the increasing development in the park. The land is located in Queensbury but was annexed into the Greater Glens Falls LDC.
After Etain’s purchase of Lot 4 is completed, there will be four of the seven lots in the park left for development. The United Association of Plumbers and Pipefitters Local 773 bought the first parcel — Lot 2 at the corner of Luzerne and Veterans roads. The union opened its 18,000-square-foot training facility in 2013. It plans to purchase Lot 3, a 5.4-acre parcel behind its current facility, for future expansion.
Bartholomew believes that the proximity to a major highway is a selling point for Tech Meadows, as he receives at least three inquiries a week from developers looking for land off the Northway.
“We’ve been receiving considerably more interest because the focus has been on the land near the Northway,” he said.
Stevens said Etain still needs to obtain permits from the state but he does not anticipate any problems.
Etain Chief Executive Officer Amy Peckham and Chief Operations Officer Hillary Peckham did not return messages seeking comment on Tuesday afternoon.