- Jan 15, 2019 · Canopy Growth says it will have an investment of $100 million to $150 million in the Southern Tier, capable of producing tons of hemp extract on an annual basis. The company says it’s evaluating a number of sites in the Southern Tier and it hopes to announce a specific location within 100 days.
- In 2015, the State launched its Industrial Hemp Agricultural Research Pilot Program, permitting a limited number of educational institutions to grow and research industrial hemp. In 2017, the State eliminated the cap on the number of sites authorized to grow and research the plant and expanded the program to include farmers and businesses.
- Pyxus companies participate in industrial hemp in the U.S. under an authorized state pilot program. CBD refers to industrial hemp-derived cannabidiol (CBD). Pyxus companies do not participate in markets where cannabis is illegal. Pyxus participates in the Canadian cannabis market through its Canadian partners.
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