Canopy Growth Unveils Hemp Industrial Park Plans
Despite the departure of the company’s founder, Bruce Linton, last month, Canopy Growth is moving forward with its expansion plans from Canada into the United States. Canopy Growth is still planning to plant hemp roots in upstate New York.
According to Canopy Growth President, Rade Kovacevic, the company will move forward with Linton’s vision and its brand new hemp industrial park, which opened on Monday in Broome County, New York.
“At Canopy, we don’t slow down for a second. We’re moving full steam ahead,” said Kovacevic.
The hemp industrial park is taking over the site of the former Shop Vac facility on Camp Drive and will process hemp into cannabidiol that is used in CBD ointments, oils and consumables marketed as health supplements.
Production is expected to get underway in the fall following the harvest of recently cultivated hemp plants.
Donna Lupardo, New York State Assembly member, said that Canopy’s industrial hemp park is “not just about revitalizing agriculture,” but also about “reclaiming our place as innovators and manufacturers. That’s what this project means for so many of us.”
By chance, Canopy Growth broke ground on its hemp industrial park as Governor Andrew Cuomo signed a billed to decriminalize cannabis in New York on Monday. The bill decriminalizes possession of small amounts of adult-use cannabis, imposing a fine instead of prison time, and establishes procedures to expunge both past and future records for low-level possession charges as well.