Canada-based Canopy Growth Corp. is reportedly spending up to $150 million to build its first production facility in the U.S. after it was granted a hemp license by New York state. According to Bloomberg, the U.S. farm bill legalized hemp and hemp-derived cannabidiol last month, and Canopy said Monday it’s been granted a license by New York to process and produce hemp and plans to establish a hemp industrial park in the state focused on extraction and product manufacturing. “I applaud the political leadership at the federal and state level that has allowed today’s announcement to become reality,” Canopy Chief Executive Officer Bruce Linton said in a statement.

Ontario, Canada's largest province, is getting ready to announce the results of its cannabis lottery, possibly today.Companies, and individuals, seeking to open pot shops had earlier this week to express interest and the Alcohol and Gaming Commission of Ontario will pick the winners at random. Those selected through the lottery will have five business days to turn in their application along with a $6,000 non-refundable fee and a $50,000 letter of credit. The licences are being divided regionally, with five going to the east of the province, seven in the west, two in the north, six in the Greater Toronto Area and five in Toronto itself. Recreational cannabis can currently only be purchased legally in Ontario through a government-run website, with the first private stores set to open April 1.