New Zealand’s industrial hemp industry is going commercial this year. New laws are expected to take place that will allow farmers and entrepreneurs the opportunity go grow industrial hemp for seed propagation.
Hemp seeds are extremely beneficial to one’s health, as they are filled with numerous vitamins and minerals, as well as large amounts of amino acids, fiber, and fatty acids. Hemp seeds are regularly compared to superfoods like quinoa and high-protein meat sources, and they can also be processed into a number of finished goods.
Top companies in Canada like Nutiva and Manitoba Harvest dominate the North America market with products like hemp protein powder, hemp oil, and healthy hemp hearts. This year New Zealand expects to triple the 200 to 300ha of acres of hemp plants grown annually and farmers can now expect to see returns of $4500 to $5500 a hectare. The change in legislation also plans to generate $10M- $20M in export revenue a year.
You may be interested
More Banks Willing to Work with Cannabis Businesses as Legality is DebatedEditor - June 20, 2018
If you live in any of the nine U.S. states that support recreationally legal cannabis legislation like California, Alaska, Colorado, Maine, Massachusetts, Nevada, Oregon, Vermont, and Washington,…
California Based Edible Company Signs LOI For the Chance to Go Public in CanadaEditor - June 20, 2018
The Bhang Corporation, a privately-held cannabis edible and accessory company with operations out of California, has entered into a LOI (letter of intent) with Canadian public company…