Expansion of Hemp Factory in Canterbury Aims for $12 Million

Plans are underway to expand the iwi-backed hemp factory in Ashburton, Canterbury. The project aims to raise $12 million despite a previous unsuccessful bid for foreign investment.

Backers of the hemp factory are confident in their expansion plans, hoping to enhance production capacity. The Ashburton plant focuses on hemp processing, which has seen growing interest in recent years.

The failed attempt to secure overseas investment last year has not deterred supporters. They believe that local funding will support the project's success as they move forward with their plans.

The expansion is seen as a key step in meeting the increasing demand for hemp products. This could lead to new jobs and opportunities within the region as the industry continues to develop.

Originally reported by RNZ Country Headlines.