Second marijuana grow proposed for Hayden
Steamboat Springs — Two developers are proposing a second marijuana-growing facility in Hayden.
Paul Franklin and Jon Peddie 10 years ago built the roads and installed the infrastructure to create the Valley View Business Park on the east side of Hayden where the business would be located.
Since the complex was built, Peddie said only seven of the 52 lots have been developed.
“Whether it’s us or another interested party, we’re excited to see another business opportunity for Hayden and the industrial park,” Peddie said.
Hayden resident Rodney McGowen has already received town council approval to build a 5,600-square-foot, single-story building in the industrial park.
Peddie said he was aware of one other entity that is about to enter the approval process. He said that project is slated for a building already standing in the industrial park.
The Hayden Planning Commission will review Peddie and Franklin’s proposal during its meeting at 7 p.m. Thursday.
Peddie and Franklin are proposing a two-story building with 22,452 square feet of space to grow 1,800 plants.
The building would contain similar security and odor mitigation controls that McGowen proposed.
Peddie said the building could cost around $2 million.
“They’re not inexpensive to build,” Peddie said.
Peddie and Franklin’s company is named Hayden Green Grow, and it would have between six and 10 full-time employees.
If the operation is approved, that does not mean it is a done deal. Peddie said the marijuana industry has evolved, and the cost of doing business has gone up because of things like excise taxes and expensive equipment to control odors.
Peddie said revenues in the industry have also dropped.
“There has been a 30 percent decrease in the wholesale cost of marijuana, and it’s still dropping,” Peddie said. “Before we move a bit of dirt and start construction, we just need to validate the most recent figures.”
Peddie and Franklin both advocated for changing the rules in Hayden to allow commercial marijuana growing. They said it would be good for the town.
“I just think that this is an opportunity, and hopefully, we’re able to take advantage of it,” Peddie said.
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