iHemp Report No. 1: March 2019

Many Hemp products can be grown, processed and sold locally, which adds job opportunities and taxes to support local municipalities Plus local production and sales saves transportation costs and is a practical way to fight climate change.

Hemp binder twine is an example of a small scale business that is simple to set up, can use local crops for the source materials, and can then be sold to the local farmers Plus Hemp twine is biodegradable This is an example of a win, win, win scenario. 

There are many positive aspects to the Hemp Industry because it combines Agriculture and Manufacturing sectors that together produce 1000 ’s of bio products for a sustainable future Hemp crops are beneficial to rebuilding soil structure and are excellent for crop rotation, hemp crops generally have lower input costs as they do not normally require herbicide or pesticide, Hemp is a unique crop because every part of the Hemp plant has a different commercial use Hemp can be grown for food, fiber or medicinal purposes, each of which has avaluable market.

Hemp crops can also be grown for dual purpose For example the chaff from a seed crop contains CBD which when collected and sold to a processor will add secondary value to the seed crop.

Industrial hemp commercial licenses and registries by province

This report was generated using Health Canada data available from January 1, 2018 to February 4, 2019. The Industrial Hemp Regulations define “industrial hemp” as a cannabis plant or any part of that plant in which the concentration of THC is 0.3% (w/w) or less in the flowering heads and leaves. A license from Health Canada is required to possess, cultivate, sell/provide, process, produce a derivative, import and/or export industrial hemp