14 Investor Report Industrial Hemp Sector New Zealand ’ s New Export Opportunity 2020
CBD as an ingredient in a wide range of products has had an extraordinary impact on the consumer market in America , which has spread to Europe .
The reason is : 1 . It works - in that consumers can experience positive effects , depending on dosage . 2 . It is easily available on-line and also large-scale retail outlets like supermarkets and gas stations .
CBD can be purchased as an oil ( mixed with hemp seed oil ), as full spectrum oils , and as a ubiquitous ingredient – in balms , snacks , foods , beverages , pet foods , and even toothpaste and shampoo .
New Zealand Hemp Industry - Platform for Growth
The Industry has seen rapid growth over the past 24 months and has built a platform for growth with a number of companies established in different regions , in the north and south islands . The main focus so far has been on the Hemp Seed and Oil domestic market with strong sales via online consumer demand for new natural health foods .
Activities in the New Zealand sector include :
• Grower groups have farmed at least 1,200 and possibly up to 1,500 hectares of hemp in the 2019-20 season
• Food manufacturers are adding hemp ingredients to existing and new branded foods and beverages
• Online retailers , supermarkets , and health food chains are selling hemp seed foods .
• Associated businesses include agritech companies , contract processors , testing companies , and extraction companies
The sector includes vertically integrated businesses , that is businesses which grow , process and sell hemp and the resulting products , with different companies having different strengths at these various stages of the local supply chain , which includes ;
• Cultivation , including forward contracts with growers ;
• Food processing and storage facilities ;
• e-Commerce , domestic and export sales of a wide