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Thursday, April 25, 2024

Gunkul tries hand at cannabis

Gunkul plans to use land near its wind turbines for cannabis and hemp businesses.

Gunkul Engineering Plc, a key renewable energy developer and construction company, is diversifying into cannabis development and hemp-based products by turning some of its wind farms into cultivation and production facilities.

The company wants to take advantage of the state policy that delists marijuana and hemp from the narcotics category to earn extra revenue as well as make use of vacant land near its wind turbines.

Gunkul is interested in growing the plants and processing them for medicine and the food and beverage business.

“These products have high potential in overseas markets, particularly Japan and Europe, and we are the only Asian country that can apply them legally, especially for medical purposes,” said…

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