The Colusa City Council has approved a development agreement and regulatory permit for a cannabis manufacturing company, located at 7290 Farinon Road.
RPTS Development, Inc. plans to manufacture (cultivate) and distribute marijuana in the 12,000 square-foot industrial metal building that was recently built by Colusa Industrial Properties.
The project is on a 1.64 acre lot in an area zoned for large-scale production, harvest, and sale of cannabis plant products, city officials said at the council’s Feb. 16 meeting.
The developer agreement is consistent with the other cannabis facilities allowed in Colusa and at Colusa Industrial Property in that the developer agrees to pay the City 3 percent of their gross profits annually, city officials said.
City Manager Jesse Cain said the completed project may facilitate new sources of revenue to the City of Colusa from the manufacturing of cannabis.
Money from cannabis manufacturing, which has exceeded $700,00, has been set aside in a separate account to be used for infrastructure projects. The best use of the cannabis fund would be to leverage the money to apply for large infrastructure grants, said City Engineer Dave Swartz.
Cannabis at the Farinon property will be grown in odor-controlled pods, Cain said.
The developer is also required to meet the licensing and security requirements imposed by the state.
The Colusa County Airport Land Use Commission, at their Jan. 4 meeting, agreed the project was consistent with the airport land use plan, subject to certain conditions.
The Developer Agreement with RPTS, Inc. is for 10 years, Cain said.