โThe tip of the icebergโ: South Boston hemp processing facility could have big economic impact
SOUTH BOSTON, Va. โ Weโre learning more about the potential economic impact the stateโs first large-scale hemp processing plant could have on southwest Virginia. Blue Ribbon Extractionโs facility in South Boston could process more than $100 million worth of hemp and create dozens of jobs. As 10 News reported, the company announced plans Thursday to initially buy $70 million worth of hemp and create 22 jobs over the next three years. So you do the multiplier fact with that, itโs a significant number of jobs,โ Blue Ridge Extraction Co-Chairman Sterling Edmunds said. The facility will be located in the old Blue Ridge Beverage building in the Houghton Industrial Park.