CORUNNA â A large-scale marijuana development is being considered for a portion of the cityâs industrial park along Parmenter Road.
Monday, the Corunna City Council voted 4-0 to accept a letter of intent from Green Parent Holdings LLC to lease 64 acres of vacant, city-owned land west of Parmenter Road for the purpose of developing a marijuana grow/processing operation.
According to the proposed 10-year lease, which has yet to be finalized, the city will receive approximately $75,000 per year for use of the property. Green Parent Holdings would also have the option to purchase the property at any point during the lease for $800,000.