“Think Big” Industrial Hemp Can Help New Zealand’s Economic Recovery Post Covid-19

Published: Fri 26 Jun 2020 03:37 PM
Now is a great time to introduce a new raw material for industry, allowing the new normal to be sustainable and regenerative
Aotearoa/New Zealand needs to think big and pay attention to market trends if they want to be operating at scale in global markets.
NZHIA welcomes the government’s support for creating jobs and promoting the wellbeing of current and future generations of New Zealanders. The 2020 Budget has allocated a lot of funding to support primary production, building homes, rebuilding infrastructure and support for positive health and family outcomes – and we want to help them achieve this.
“Much of this funding is going to sectors which would benefit from being involved with iHemp” says Richard Barge, Chair NZHIA
Industrial hemp has a significant role to play in kick-starting the recovery: we tick all the right boxesSustainable and regenerativeCreating employment, training and investment opportunitiesExport potential for a wide range of productsRegional development as value-added activities need to be done close to the farmAlternate land use and new rotational crop optionBuilding healthy homes
We are a catalyst to make many of the government initiatives happenMeeting export targetsEmissions trading and meeting Paris Agreement targetsAchieving United Nations Sustainable GoalsSupporting Aotearoa/NZ Science ChallengesEncouraging and supporting people to live and work in the regions
A fully enabled industry supported by the Government will impact on many sectors - “People will be shocked when they find out how useful and far-reaching industrial hemp is” says Richard Barge. “The building industry is a good example, we can produce hempcrete used to quickly build healthy homes that are warm and safe.”
Our hemp food and fiber is an excellent raw material for a wide range of industries, and the great qualities of these products make it a serious sustainable alternative.
Across Aotearoa/NZ there are companies working with industrial hemp and when people realise how it can be sustainable used in their business, the industry will scale up and attract investment into bankable business plans.
NZ Inc. will benefit from having another successful primary industry and we are thinking big. Big in terms of revenue from global markets, and the wide range of end uses, both high and low tech.
There is a massive amount of work to be done. We need to understand the plant, improve how we grow it. Research the potential, develop tech to process and manufacture products. Create brands and export goods and services that meet this new global, consumer-driven demand.
This is a real opportunity to work with something that is new, exciting and it works! This is the beginning of a long conversation about how this arable crop can be a sustainable raw material for industry.

Next in Business, Science, and Tech

Contact delivers for customers, employees and shareholders
By: Contact Energy
OceanaGold Announces Receipt Of WKP Mining Permit
By: OceanaGold
COVID-19 lockdown has widespread effects on labour market
By: Statistics New Zealand
New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3
By: New Zealand Post
Westpac NZ Lowers Merchant Fees For Small Businesses
By: Westpac New Zealand
Million Dollar Plus Property Sales Increase 11.7% Nationally, Says REINZ
Ice-olation For Antarctica New Zealand
By: Antarctica New Zealand
July House Price Index illustrates market resilience
By: QV Valuations
Queenstown Rents Experience Biggest Drop In Seven Years
By: Trade Me Property
The Quiet Earth
By: Auckland University
James Shaw says Kiwibank, not ministers should decide on investors
Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments
By: Financial Markets Authority
Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off
By: FIRST Union
Stronger Green Voice Needed Next Term To Stop More Mining On Or Under Conservation Land
By: Green Party
Unemployment Figures Don’t Tell The Full Story
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media