STIIIZY marijuana manufacturing facility coming to Binghamton

A new cannabis cultivation, manufacturing and distribution facility is coming to Binghamton, according to Mayor Jared Kraham.

STIIIZY, a cannabis brand based in Los Angeles, will enter into an option-to-purchase agreement for an 8.2-acre parcel of vacant land at 30 Charles St., part of the Charles Street Business Park, Kraham announced Wednesday.

Pending local and state regulatory approval, the agreement will allow STIIIZY to move forward with plans to construct a new facility at the business park to support the emerging New York cannabis market, Kraham said.

STIIZY is the No. 1-selling cannabis brand in the US in 2022, according to BDSA, an international organization that provides market research and forecasts for the cannabinoid industry.

“Cannabis represents a new frontier in economic development and community revitalization in Upstate New York — and Binghamton is on the cutting edge,” Kraham said in a news release.

“This option agreement will allow STIIIZY to apply for state licensing and advance plans for a Binghamton facility,” he said. “The company’s future project would create jobs and new economic activity in our community, and be one of the first major economic development projects for cannabis in New York state.”

The Binghamton Local Development Corp., which owns undeveloped land at the Charles Street Business Park, will vote on the option agreement at its July 28 meeting.

The option calls for a 12-month due diligence period as STIIIZY pursues licensing through the New York Office of Cannabis Management, along with local planning approvals.

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