Home / Business / [Canadian] Hemp company to invest up to $150M and 400 jobs in Binghamton, NY

[Canadian] Hemp company to invest up to $150M and 400 jobs in Binghamton, NY

By Jeff Platsky Binghamton Press & Sun-Bulletin

Commentary: We NEED more people from the United States to invest in our own country.

A major Canadian processor will spend up to $150 million to locate a hemp processing center in the Southern Tier.

Canopy Growth, [a Canadian company] whose stock [Canada’s Canopy Growth shares jump 11% on deal to develop industrial hemp farms in New York] is traded on the New York Stock Exchange (symbol: CGC), announced plans to locate in the region to process, research and develop hemp-based products. Initial indications are the company’s location will be the start of a hemp hub, a center where similar operations would want to locate.

An estimated 400 jobs will be created at the Canopy Growth facility. Company representatives said the initial stages of the operation could be up and running within a year, but a location has not been disclosed.

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