Canopy Growth Snags New York Industrial Hemp License, Plans To Invest As Much As $150M

Posted by Brett Herschman

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Canopy Growth Corp shares were surging Monday after the company received a license from the state of New York to process and produce hemp.

The Canadian company plans to establish a hemp industrial park in New York with large-scale production capabilities focused on hemp extraction and product manufacturing.

Depending on site approval, Canopy Growth said it  plans to invest between $100 million and $150 million in its New York operations and create roughly 400 new jobs…. CLICK for complete article