The federal government has granted major project status for the development of new medicinal cannabis facilities in South East Queensland and regional Victoria.
Major project status has been granted to Hydroganics for a multi-stage $333 million medicinal cannabis facility in Queensland and Canopy Growth for a $70 million facility in Victoria.
Hydroganics is expected to produce an estimated turnover of $366 million and employ 140.
Canopy Growth will establish its Asia Pacific headquarters and vertically integrated cultivation, manufacturing and distribution operations in Victoria which is expected to create up to 250 ongoing jobs.
The granting of major project status recognises the national significance of these projects, their contribution to economic growth, employment and to boosting opportunities for regional Australia.
Medicinal cannabis licence applications for projects granted major project status are being prioritised within the Office of Drug Control’s licencing process.
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