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Hemp Processor to Expand Operations in Kentucky
By: Associated Press
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LOUISVILLE, Ky. (AP) – Looking to reap the benefits from federal action to legalize hemp, a hemp processor says it will expand operations in Kentucky by building a $40 million facility in an area where it hopes to cultivate ties with farmers growing the crop.
GenCanna Global USA Inc. said Friday its new processing plant in Mayfield will create 80-plus jobs.
Its announcement comes days after Congress finished work on a farm bill that would legalize hemp cultivation. Kentucky lawmakers including Senate Majority Leader Mitch McConnell and Rep. James Comer led the pro-hemp push.
GenCanna processes and manufactures cannabidiol, or CBD, products. CBD is a non-psychoactive compound found in hemp that many see as a way to better health.
The company has a Winchester research facility and is starting a manufacturing and retail operation in Paducah.