SANTA FE, N.M. (KRQE) – The office of Governor Michelle Lujan Grisham announced on Monday a $300 million investment into one of the nation’s largest cannabis manufacturing and research facilities. A press release states it will be a state-of-the-art agricultural ecosystem in Grants aimed at producing high-quality cannabis for the purpose of medical research.

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Officials say the project is expected to create 170 construction jobs including an initial 200 research and agricultural jobs. “I couldn’t be more excited about the development of another world-class research facility right here in New Mexico,” said Gov. Lujan Grisham in the press release.

This will be a partnership between the state and Grants-based company Bright Green Corp. Bright Green was approved by the Drug Enforcement Administration to facilitate the production, storage, packaging, and distribution of medical research marijuana under the new regulations, as well as other applicable legal standards and relevant laws.