Canopy Growth Corporation, one of Canada’s largest marijuana companies, is creating a Hemp Industrial Park in the Southern Tier region of New York.
The company has secured a 308,000 sq. ft. facility on a 48-acre property in Kirkwood, New York. The vision for the property is to build the infrastructure necessary to support hemp-derived cannabinoid extraction and related manufacturing together with providing an opportunity for participation by other businesses in the hemp industry.
“As we establish a stronger foothold in the exciting US market, we want to do so in a way that prioritizes local vendors and creates meaningful career opportunities for people in the communities where we operate,” said Bruce Linton of Canopy Growth. “The vision for our investment is to create an eco-system that inspires new entrepreneurs and generates more economic stimulus than a single company can offer. As we build the facilities, we’ll also attract like-minded businesses who share our excitement for the emerging hemp and hemp-derived cannabinoid markets.”
New York State granted a hemp license to Canopy Growth in January of this year. The company will begin hiring senior leadership in late 2019 and recruit the full workforce in mid-2020.
The new hemp facility will be capable of producing tons of hemp extract on an annual basis.