Perth-based medicinal cannabis firm Cannaponics Limited has secured a $2 million investment from the Western Australian Government’s Collie Futures Industry Development Fund to set up a medicinal cannabis operation in Collie.
The new facility, which will include a 1,000sqm greenhouse, laboratory and warehouse, will be Good Manufacturing Practice (GMP) and Therapeutic Goods Administration (TGA) certified to manufacture up to 1,000kg of dried cannabis and equivalent extracts per year.
The WA Government’s investment will support Stage 1 of the Cannaponics Limited operation, which is expected to support 50 local trades jobs over 12 months of construction and create approximately 24 permanent ongoing jobs including professional, technical, production and administration roles.
Regional Development Minister Alannah MacTiernan said the project is also expected to generate around $4 million in revenue, with considerable flow-on effects for the Collie community.
“WA’s South-West has optimal conditions for this industry’s agricultural requirements: coupled with the work of the McGowan Government to attract and develop industry in Collie, the region is perfectly placed for a facility of this scale,” Ms MacTiernan continued.
“This project will help to put WA at the forefront of this rapidly growing industry and will drive new, long-term jobs in Collie.”