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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ The Berks Hemp Business was bought by the Canadian company

The Berks Hemp Business was bought by the Canadian company



Canopy Growth Corp. will invest $ 100 to $ 150 million in a hemp operation, which he believes will create jobs and have a positive local economic impact.

Canadian Canopy Growth Corp. has acquired AgriNext from Maidencreek Township United States in a move that can help unlock growth for the US hemp industry

AgriNext USA is a holding company focused on growing non-toxic, non-toxic, cannabis-related marijuana plant used in everything from textiles and building materials to

As part of the deal, Canopy has named AgriNext Chief Executive Geoff Whaling as his new strategic adviser.

Canada-born Whaling, a former Indy promoter in Ontario and a leading US hemp protector, has worked hand-in-hand with Canopy since 201

3.

The Whaling Whale said when it reached Friday is kind of all the pieces of the puzzle come together.

Whaling said in Canopy that "hemp has the potential to become a multi-billion industry that will stimulate the US economy for generations

The acquisition, the company says, will accelerate the entry of Canopy Growth into key US jurisdictions, since the normative framework for the full use of hemp as a crop began to apply, partly thanks to the recently-accepted American farm of 2018.

Newly established companies plan to set up industrial hemp parks where hemp can be traced quickly through a production cycle and used by other companies in the complex

Whaling said US farmers would benefit from a model that provides a single regional destination for their hemp crops and connects them with researchers, entrepreneurs and innovators, whose ideas will turn their cultures into new products and industries. The company will invest $ 100 to $ 150 million in a hemp operation, which he believes will create jobs and have a positive local economic impact. In April 2016, Tom Wolf signed legislation that makes Pennsylvania the 24th state to adopt comprehensive legislation on medical marijuana. The dispensaries began selling cannabis in February 2018. It is still illegal to grow for personal use. In July 2016, Governor Tom Wolf signed legislation that regulated the cultivation and production of hemp for industrial purposes, according to Medicalmarijuanainc.com.

Contact Jeff McGaw: 610-371-5071 or jmcgaw@readingeagle.com. ]! function (e, b, e, v, n, t, s)
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