New Zealand’s biggest cannabis growhouse, the Growler, is planning to begin commercial operations in 2018, with the company announcing plans for “a world-class, 100,000-square-metre, five-star, fully enclosed, multi-functional greenhouse”.
The facility will be set up in Auckland’s CBD.
Growler CEO Simon Lee said the company’s goal is to “become a national hub for the production and consumption of cannabis”.
“With our growing and manufacturing capabilities, our company can be a key partner in this transition,” Mr Lee said.
“The key to this will be building a highly-controllable environment that maximises efficiency and safety for our employees.”
The company is one of the largest cannabis producers in the world.
It also manufactures hemp, which is used in clothing and other products, and is involved in research into medical marijuana.
The company operates in more than 20 countries, including the United States and Canada, and has a market capitalisation of $10 billion.
Mr Lee and Mr Lee’s wife Sarah are also founding members of the New Zealand Hemp Industry Association.
The Growler is the latest of many to be set to open up in the capital.
The National Cannabis Industry Association has been set up to support the industry, and the Cannabis Trade Association is also set up.
The new facilities, which are expected to be the largest, are expected in early 2020.
In December, the country’s Health Ministry announced a plan to regulate the production of cannabis, with new licensing requirements and strict restrictions on the sale and distribution of the drug.
The government’s plans, which will be rolled out by early 2021, have attracted support from the US government and the United Nations.