If a multinational company gets the green light from Health Canada, Goderich could be the site of a cannabis operation that separates medicinal CBD oil from hemp strains.
Goderich Council has approved in principle the establishment of an extraction facility, proposed for a property on Parsons Court.
Chief Operating Officer of Hempsana, Inc., Dr. Woo Kim told Council Monday that the operation would be a co-op involving five Huron County farmers.
He says each farmer would grow cannabis in a dedicated one-acre plot on their properties, which would be part of Hempsana's CBD supply chain.
Dr. Kim says CBD is free of the hallucinogen THC, and "won't get you high".
He criticizes the supply chain method used in Colorado, where cannabis is also legal, and believes the co-op method employing local farmers is the way to go.
Dr. Kim mentions that the community will benefit from revenue the Hempsana plant would bring into Goderich.
If Health Canada gives Hempsana the go-ahead for a Goderich operation, he says a retail store selling the company's locally-produced products would be added to the facility.
Dr. Kim hopes to start production in the fall but if the processing plant isn't ready by then, the locally-grown cannabis will be shipped out for processing in Hempsana's European plant.
Hempsana's planned facility would be the second cannabis-related facility in Goderich.
Tiverton-based 7Acres is setting up a growing facility in Canada's Prettiest Town.