Why it matters:
Two Tasmanian hemp business owners are advocating for regulatory changes in the hemp industry. They believe that hemp is being treated unfairly and should be recognized as a legitimate crop like grain or wheat.
What they are saying:
Andi Lucas of X-Hemp and Tim Crow of Hemp Harvests argue that the hemp industry in Tasmania has missed opportunities to utilize the whole plant. They emphasize the benefits of hemp processing and its use in products like hempcrete, which is highly insulating and environmentally sustainable.
The big picture:
Tasmania’s government introduced the Industrial Hemp Amendment Bill 2023 to address restrictions in the hemp industry. The proposed changes aim to improve clarity, efficiency, and transparency for licensees, as well as align with existing legislation.
What to watch:
It will be important to monitor whether the proposed amendments to hemp regulations in Tasmania will be enacted and how they will impact the industry. The success and growth of businesses like X-Hemp and Hemp Harvests can serve as indicators of the regulatory environment’s impact on the hemp industry.
My take:
The hemp industry has the potential to contribute to sustainable practices and economic growth. It is essential for regulators to recognize the value and versatility of hemp as a crop and create supportive regulations for its cultivation and processing. By doing so, Tasmania can fully harness the benefits of the hemp industry while promoting environmental sustainability.
