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Posted on Jan 07th, 2020

Canopy is Bringing New Growth to Broome County

Binghamton Business News

Thanks to successful collaboration with the Broome County Industrial Development Agency (IDA), Canopy Growth USA will be locating their new manufacturing plant right here in Broome County. On December 18, 2019, the IDA's Board of Directors voted to approve financial incentivies assisting the company with the purchase, rennovation, and reconstruction of the facility found at 47-51 Pine Camp Drive in the Town of Kirkwood.

Canopy Growth is a Canadian based company with a strong international foothold in the market for industrial hemp. The State and Broome County alike have been working to stregthen this growing industry and make New York its home through a history of legislation starting in 2014 championed by New York State Assemblywoman, Donna Lupardo, whose district covers the Greater Binghamton region of Broome County. With most recent legislation passed June 2019, New York State hemp regulations have expanded to include the production of hemp extracts, including but not limited to cannabidiol (CBD). This expansion of the New York State law and commitment to the hemp industry allows for the manufacturing of more hemp-based products and has been a strong incentive for companies, such as Canopy Growth, to come to New York and Broome County. 

Board members at the Agency are excited for the promise that Canopy brings with it: growth. Canopy is truly committed to promoting strong local partnerships and the development of a holistic economy in Broome County. The company plans to maintain local jobs by utilizing contractors and construction firms within the region in addition to the projection of 75 new jobs created in the first three years; a number that is only expected to grow with this new industry as Canopy settles in to the good life here in Broome County. 

Read more about Canopy, their products, and their international footprint on their website here