BINGHAMTON, N.Y. (AP) A former upstate New York shoe factory that was converted to a newspaper printing plant will soon be extracting oil from industrial hemp.
Southern Tier Hemp announced Tuesday that it's buying the 100,000-square-foot former Gannett printing plant in Johnson City. The company will develop, manufacture and sell hemp cannabidiol -- or CBD oil -- wellness products.
The company says it will hire more than 100 people during the next three years. A $650,000 state grant will support construction of the processing center, which is expected to be operational for this year's harvest.
Southern Tier Hemp has established a partnership with Binghamton University to research the pharmaceutical benefits of CBD oil.
Industrial hemp is related to the marijuana plant but doesn't have THC, the ingredient that causes marijuana's high.
(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)