Compass Datacenters plans to invest $10 billion in Meridian. Micron breaks ground on a $7 billion project in Singapore. China’s SAIC Motors commits $135 million toward a new 1.3 million-sq.-ft. facility in Egypt.
Cushman & Wakefield Economist Sukhdeep Dhillon says business confidence is translating into higher demand for office space, particularly in core markets such as London, Paris and Madrid. A map highlights three markets considered tenant favorable.
Editor Emeritus Mark Arend explores megasites with the valuable guidance of JLL Executive Managing Director, Brokerage, Meredith O’Connor and Dennis Donovan and Linda Burns of Wadley, Donovan, Gutshaw Consulting.
Canopy Growth in November introduced its Claybourne’s Frosted Flyers Infused Pre-Rolls into what it called “the rapidly growing and established infused segment in Canada,” noting that the pre-roll joint market in Canada has grown by 94% since 2022.
Photo courtesy of CNW Group/Canopy Growth Corporation
In 2015, in “Canadian Home Grown,” we wrote that Site Selection had been tracking plants for decades, but not plants like these, as Canada’s “Marihuana for Medical Purposes Regulations” (MMPR) had gone into effect in 2014.
What is the status of the weed industry in Canada today? First, in October 2018 Canada’s Cannabis Act came into force, providing legal, restricted access to cannabis and controlling and regulating its production, distribution and sale. Statistics Canada reported in April 2024 that “sales of recreational cannabis by provincial cannabis authorities and other retail outlets increased 15.8% to $4.7 billion in the 2022/2023 fiscal year,” with Canadians of legal age spending on average $150 per year per person on cannabis. “Two of every five dollars spent on legal cannabis enter government coffers,” the agency found. “Federal and provincial governments received $1.9 billion from the control and sale of recreational cannabis in 2022/2023, up by almost one-quarter (+24.2%) from a year earlier.”
In December, Health Canada released results of its latest survey on non-medical cannabis use in Canada, which found that “72% of those who reported consuming cannabis in the past 12 months reported usually purchasing their cannabis from a legal source (storefront or website), an increase from 4% in 2018.”
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SITE SELECTION RECOMMENDS
Photo by KKidd: Getty Images
The weekly missive from Canadian American Business Council CEO Beth Burke on Friday mentioned a document now circulating among senior officials in Canada’s federal government that outlines specific details about how Canada could retaliate against President-elect Donald Trump’s tariff threat should it move ahead. “The list includes hundreds of American-made goods that Canada is considering hitting with retaliatory tariffs including American steel products, ceramics and Florida orange juice,” she wrote. The premiers of Canada’s provinces are due to arrive in Washington, D.C., on February 12 to confer with U.S. policy-makers.
PHOTO OF THE DAY
Photo courtesy of California Department of Public Works photo and U.S. Department of Transportation Federal Highway Administration
A 1957 photo along the I-5 corridor shows San Diego Freeway looking south to the Wilshire Boulevard interchange in Los Angeles. Watch for coverage of economic development news along the entire I-5 corridor in the March 2025 issue of Site Selection. See recent Site Selection coverage of corridors along I-85, I-80 and I-10.
