10 Investor Report Industrial Hemp Sector New Zealand ’ s New Export Opportunity 2020
1 . introduction
PURPOSE OF REPORT
This report was commissioned by the NZ Hemp Industries Association Inc and funded by Agricultural and Marketing Research and Development Trust ( AGMARDT ). Its purpose is to inform interested parties and potential investors about what has already been achieved in the industry and the opportunities for growth ; in particular the extraordinary opportunity for New Zealand to export into a burgeoning global industry in hemp foods , hemp fibre , and hemp health products .
METHOD
The report is based on a substantial number of interviews and meetings across the industry and also desktop reviews of the literature relating to traditional knowledge , the science and international and national laws relating to the cannabis plant , and to hemp cultivars . In addition , a market scan has been undertaken of the global market in those countries where there are active industrial hemp sectors . The international scan includes an understanding of the ways in which law changes have allowed for the development of a market in hemp-based products . Finally , the 2030 forecast / scenario was the result of collaboration with the CEO ’ s of several leading NZ hemp companies and the chairman of the NZIHA .
SCOPE
This report is about industrial hemp , a cultivar of the cannabis plant . Owing to the general prohibition on cannabis , it is necessary to discuss cannabis ( marijuana ) and medicinal cannabis . However , it is vital that the reader appreciates that industrial hemp , as compared to marijuana , is a non-psychoactive cultivar with enormous health and other benefits , as well as the potential to be a new export industry for New Zealand . It is hoped that this report will assist in overcoming the negative connotations around cannabis and give a new appreciation of the value of hemp . After explaining the industry terms which the