State bets big on company’s CBD expansion, investing $750K

NewBridge Global Ventures Inc. is nearing the completion of a CBD processing facility and aims to build a canning facility in the Moriarty area in the coming years for two products it makes in-house.

The San Francisco-based agricultural technology company’s expansion on the King family farm — its partner that grows the industrial hemp that NewBridge turns into CBD — is expected to create nearly three dozen jobs over the next five years. It has garnered support from Gov. Michelle Lujan Grisham’s administration, which this month announced it plans to…..

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