STRONG HEMP SECTOR LEADERSHIP BY CEO ’ S AND BOARDS
A CEO ’ s alliance is formed which coordinates closely with the Medicinal Cannabis council and NZHIA to develop an overall strategy for growth .
Export collaboration - a ‘ NZ Inc ‘ approach is taken towards export markets , implementing high value export strategies and branding in selected discerning customer export markets .
Innovation Coalition - The CEO Alliance , MBIE , MPI , MFAT Callaghan , NZTE and the CRI ’ s collaborate with the hemp companies to rapidly develop the innovation and infrastructure required for a multibillion-dollar industry
Major investors , both local and global , are willing to provide the capital necessary for development of infrastructure , including technology and processing plants , which are necessary for the industry to grow .
VISION :
‘ The New Zealand Hemp sector is respected globally for its innovative solutions to address the world ’ s pressing issues ’
Investor Report Industrial Hemp Sector New Zealand ’ s New Export Opportunity 2020
Hemp is grown across the country in different climate zones which allow for variation in cannabinoids , seed and fibre crops ( similar to the wine regions of New Zealand ).
HEMP INDUSTRY SUCCESS FACTORS ( GLEANED FROM THE WINE INDUSTRY EXPERIENCE )
• Timing - the right vision at the right time
• Set the vision in the future - and use it to guide action today
• Clear leadership , does not mean a single person
• Both competition and collaboration
• Recognise that the NZ brand is intrinsic to the story taken to the global market
• Use overseas investment and specialist skills to enhance growth
• Partner with government
• Put in place quality standards and assurance , rules and regulations that enable growth
THE 2030 FORECAST GROWTH SCENARIOS
( developed by senior executives and analysts in the hemp industry ) are as follows .
SCENARIO 1
No Regulatory Reform - is based just on the seed and fibre products expanding to $ 500 million with around 5,000 new jobs
SCENARIO 2
Regulatory Reform - is based on political reform of the regulations allowing for the rapid expansion of cannabinoid products for nutraceuticals , most notably CBD . It forecasts total earnings of $ 2.0 billion ; with $ 183 million in seed products , and $ 317 in fibre products , $ 1.5 billion in hemp nutraceuticals from cannabinoids , and 20,000 new jobs in the regions
Regional growth - How hemp is grown and processed in regional clusters building on the platform laid by existing companies :
• North Island - Hemp Connect , Pure Heart Aotearoa , Hemptastic , Aotearoa , Hemp NZ , Hemp Farm , Ligar Extraction , Kakariki Fine Foods and Kanapu
• South Island - Midlands Seed , Midlands Nutritional Oils , NZ Yarn , Hopefield Hemp , Larrys Gold , Hemp Cottage Farm
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