This year has been exciting here at Jushi Holdings Inc. After a rigorous application process, we won licensure to manufacture and produce hemp-derived products in the state of New York. We have been working diligently to set up production and are excited about the opportunity to make our products available to consumers.
People everywhere are paying attention to hemp and its capability for financial success. According to Grandview Research, the industrial hemp market is projected to reach $10.6 billion by 2025. Early this year, Jushi committed to investing millions into its subsidiary, Sound Wellness, LLC. This investment serves to transform its vision for a state-of-the-art hemp processing plant in upstate New York into a reality.
Currently, we are focusing on constructing a hemp processing plant in Buffalo which we will allow us to increase our manufacturing and distribution capacity of our full spectrum hemp CBD products. Hosted in an old post office, the 25,000 square foot property could serve as a hemp extraction facility. We anticipate the creation of a significant amount of jobs as a final result of creating a hemp production facility in upstate New York. At this production site, we will be able to carefully curate CBD products for our consumers by using various types of CBD including isolate, distillate, and water-soluble CBD.
In the beginning of June, we opened our retail CBD shop, at the Dent Neurological Institute. Dr. Laszlo Mechtler, a top neurologist and specialist as well as Jushi’s Medical Director developed this line of products with wellness in mind.
At Jushi, we are striving to set high standards in the legal hemp market by creating top-of-the-line products that are not only of the highest quality, but also ones that meet the needs of our customers. We also want to make sure that anyone can be a customer of Sound Wellness and we welcome all consumers, including those who are new to CBD. Our products are meant to be affordable to ensure that anyone can share in our full spectrum CBD without heavy financial burdens sometimes carried by competitor’s products. We look forward to delivering high-quality hemp based CBD to customers.Go Back