The departure of Canopy Growth’s founder, Bruce Linton, earlier this month seems to have had no effect on the company’s expansion plans from Canada to the United States. Canopy, one of the world’s largest cannabis companies, is still planning to plant hemp roots in upstate New York.
At least according to its president, Canopy Growth will move forward on Linton’s vision and on its brand new hemp industrial park, which opened on Monday in Broome County, New York. Rade Kovacevic, Canopy’s president, told Cannabis Wire at a ceremony marking the opening: “At Canopy, we don’t slow down for a second. We’re moving full steam ahead.”
New York State Assemblymember Donna Lupardo, who was instrumental in passing New York’s hemp legalization bill in 2014, and US Senator Chuck Schumer of New York, both spoke at the industrial park event, stressing the expected economic boost to the Southern Tier of New York from Canopy Growth’s investment. The investment is particularly significant for the region, which has long struggled to improve its ailing economy.
“Today is a turning point day for the Southern Tier,” Schumer said. “Not only are we celebrating a job-creating, economy-jolting investment in Broome County, but we’re celebrating the commencement of work on New York’s very first hemp industrial park.
“The Southern Tier is well on its way to becoming the Silicon valley of industrial hemp,” Schumer said.