A former prison site is about to be renovated and converted into a multi-million dollar legal cannabis structure. This innovative development is set to gulp about $150 million from the start to the end of the project. New York is certainly preparing for the implementation of its new cannabis bill, and what better way to show seriousness than to convert a previous correctional facility to a world-class cannabis production facility. The recreational legislation was approved earlier this year and was partially implemented. The state recently selected the board members of its regulatory council and estimates that the recreational industry should be up and running by late 2022 or early 2023.