The Siksika First Nation has announced plans to get into the medical marijuana business.

The band, located east of Calgary, has found a business partner in the LDI Group and applied to Health Canada for a licence to grow pharmaceutical-grade marijuana.

Because the Siksika First Nation is an agricultural-based community, medical marijuana made sense, said Shane Breaker, a manager with Siksika Resource Development.

"We've been growing crops and ranching out there for over 100 years, and we felt that it's just great synergy to get into medical marijuana because we're able to grow, and we have land to do it."

If the licence is approved, the partnership, called Siksika Herbz Ltd., hopes to have an $8.2-million facility in an industrial park running by 2018, Breaker said.

"We're putting a lot of money behind our facility, which is a 25,000-square-foot facility, which will be ample for a grow operation and employ local members from the Siksika to operate the operation."

They hope to produce $14.4 million in annual revenue from dried cannabis through the venture.