Investors eye Sarasota space for marijuana growers - FOX 13 News

Investors eye Sarasota space for marijuana growers

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SARASOTA (FOX 13) -

For years, the former Wellcraft Marine boat plant in Manatee County sat as an eyesore.

"It was always being broken into, tore up, just all ratted, fallen apart, busted, beat up, so it’s nice that it’s coming along," Austin Wagner said.

A company called Cannabis RX sees a future here.

"Florida has it on the ballot in November, and should it pass, we would absolutely look at using this space for a licensed grower," said CEO Llorn Kylo.

Cannabis RX paid more than $1 million to buy it, and even more to fix it up and re-list it.

"We are going to give somebody an empty shell. It is going to have all new walls, all new roofs, landscaping, parking lots, it will appear to be a new building, but it won't have a build-out," said Rob Without, with Sara Bay real estate.

Perfect, they say, for medical marijuana growers or distributors to lease or buy.

Despite it's name, Cannabis RX is not in the marijuana business.

"We are strictly a real estate company," Kylo said.

Designed, said the CEO, to help legal growers.

"We are aware of the discrepancy of the federal and state laws that are preventing a lot of these operators from opening bank accounts getting traditional lines of credit,” Kylo said. “We see an opportunity to provide these people with some start-up capital or expansion capital, as well as the real estate. As well as consulting to help them get their business off the ground and expand and grow their company.”

If Florida voters reject medical marijuana, Cannabis RX has a “Plan B.” They will sell to anyone, even right now.

The owners say no matter who buys the building or what it’s used for, it will have a positive outcome for the area.

And the manager of the Marine Surplus store next door agrees.

"I am not concerned. If they move that in there, it will probably be pretty high security, which works out for me being next door," Wagner said.

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