8 Investor Report Industrial Hemp Sector New Zealand ’ s New Export Opportunity 2020
20,000 REGIONAL JOBS BY 2030
overseas . A niche market which NZ could quickly dominate is premium seed oils for the discerning consumers of high quality cuisine in San Francisco , London , Shanghai , and Berlin .
The commodity hemp players are China , USA , Canada , and France . But smaller iHemp countries and states around the world ( such as NZ ) are also positioning themselves to play to their strengths and specialise in key markets . For example , Israel and the Australian state of Victoria are focussed on pharmaceuticals ; Canada is building strength in fibre for construction and textiles , while Colorado , California and Hawaii are retailing a wide range of CBD products for different customer markets , including formulations for animal well-being .
This report is to inform
investors and politicians about the opportunity hemp provides to our economy , as we face the challenge of minimising recession by developing new crops and value propositions in world markets . We prosper or decline on our ability to find high value consumer niches in world markets .
In New Zealand Medicinal Cannabis / Marijuana was legalised commercially in April of this year for the production of pharmaceuticals which can include THC and CBD in their formulations . iHemp was partly legalised in 2006 , with new regulations allowing for human consumption of hemp seed in 2018 , but not the flowers and leaves .
The scaling up of the industry has been led by Dave Jordan ( founder Hemp NZ 2009 , and Hemp Farm NZ 2011 ), also Andrew Davidson and Nigel Hosking at Midlands Seed and Midlands Nutritional Oils in Ashburton
Hemp Farm has grown into Hemp NZ , which operates as a nationwide conglomerate across Foods , Fibre , and Bulk extract markets with a grower ’ s group of 70 farmers across five growing regions .
Other leading hemp companies in different regions have developed brands and market share - Hemp Connect , Kanapu , The Brothers Green group of Companies , Hemp Brokers , Larry ’ s Creek , NZ Hempress , Karariki Fine Foods , and Hopefield Hemp . These entrepreneurs have helped drive consumer demand for hemp seed products including oils , balms , milk , and protein powder .