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On April 17, Health Canada published the List of Approved Cultivars for the 2019 Growing Season. The List of Approved Cultivars sets out the industrial
Acquiring an Industrial Hemp License can open an untold number of doors for your business. Both environmentally friendly and supremely versatile, industrial hemp has experienced a remarkable revival in recent years.
Many believe that a thriving hemp industry will actually help provide for our economic future. With the incredibly low carbon footprint it boasts, some even say that the growing popularity of this hardy and the sustainable plant could be crucial to the health of our planet. Read on for a brief look at what exactly industrial hemp is, what this license permits you to do, and to discover whether or not it’s right for you.
To start your own hemp business follow these easy steps:
Yes, growing Hemp for fiber, CBD oil, grain, CBG oil, etc can be very profitable with CBD oil or infused products selling for over $1000 KG.
Industrial hemp includes cannabis plants, and parts of the plant, of any variety, that contains 0.3 % tetrahydrocannabinol (THC) or less in the leaves and flowering heads. While it cannot contain more than 0.3 % THC, there is no limit to the amount of cannabidiol (CBD) that may be contained in industrial hemp plants.
Industrial hemp also includes the derivatives of industrial hemp plants and plant parts (not including the flowering parts or the leaves). In Canada, industrial hemp is regulated under the Industrial Hemp Regulations, which is a set of rules that fall under the Cannabis Act.
Hemp is not only even more robust than corn, which is considered one of the most vigorous crops on the planet, but it also requires less water, pesticides, herbicides, and fertilizer to flourish. Plus, it is said to have almost 25,000 known purposes, which include being used as a raw material in everything from paper and textile manufacturing to the production of biofuels, plastic composites, and livestock feed.
These are only some of the most widespread applications, however. Derivatives of the plant are also common in personal care products and foods, with hemp seeds and oil fast becoming favoured by many. Currently, the most lucrative and exciting aspect of this industry is its association with CBD oil, which doesn’t contain THC and can therefore be produced from hemp and cannabis plants alike.
An industrial hemp license holder can cultivate hemp to produce a number of different products. For example, fiber from industrial hemp stalks can be used in making paper, textiles, rope or twine, and construction materials.
Non-viable hemp seeds and hemp seed derivatives (like hemp seed oil) that contain no more than 10 ug/g THC after testing (also sometimes expressed as no more than 10 parts per million, or 10 ppm) are exempt from the Cannabis Act. However, it’s important to note that not every activity involving industrial hemp will fall within the scope of the Industrial Hemp Regulations.