BINGHAMTON (WBNG) — 1/15/19 U.S Senator Chuck Schumer on Monday announced Canopy Growth Corporation, an industrial hemp company, is making a massive investment in the Binghamton area.

During a news conference outside of the federal building Monday morning, Schumer said a local processing center will create up to 400 jobs over a period of time.

“I am thrilled to announce today that Canopy Growth is about to invest between $100 million and $150 million to site a first of its kind industrial hemp industrial park right here in the Southern Tier,” Schumer said in the news conference. “Not only will this facility be the first of its kind, it will be in the forefront of the entire country and help make the Southern Tier center for a newly-unleashed and growing industry.”

A location for the facility was not announced Monday, but the Senator said that information will be available in the coming days.

Schumer: Industrial hemp operation coming to Southern Tier