The government of New Mexico has provided marijuana processor and manufacturer Vana with a $90,000 grant.
The grant to the family-owned company is the first disbursement to a cannabis business through the state’s Local Economic Development Act fund, which is meant to incentivize job creation in New Mexico.
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Vana plans to use the funding “to facilitate the addition of 12 new employees with an average salary of $46,626,” according to a Monday news release from the New Mexico Economic Development Department (EDD).
“The business plans to invest $2.6 million over the next decade.”
Clovis-based Vana is the first company in New Mexico to receive a cannabis manufacturing license, according to the EDD.
“Vana and its sister companies are licensed for indoor and
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