New Zealand peanut butter firm Fix & Fogg has hedged its bets on high quality, healthier nuts and creative, New Zealand-themed product variations in an attempt to expand further in the Asia Pacific region.
Last month’s decision to allow the sale of hemp seed for human consumption might have delighted Australian manufacturers that had hitherto been unable to stock their products on grocery food aisles, but the move has brought far less elation on the other...
On Friday, April 28, Australia—and to some extent New Zealand—witnessed the birth of a brand new industry segment, when a council of ministers agreed finally to permit the consumption of hemp seeds by humans as food.
Retail sales of hemp food, CBD, and supplements posted $285.3 million in sales in 2016, according to data by retail research firm SPINS and Vote Hemp, a non-profit advocating a freer market for industrial hemp.
Bursting with nutrients and boasting an impressive growth rate, the future of hemp seed is bright– but what’s the best way for manufacturers to cash in on a product that is connected – mistakenly but understandably – with an illegal drug?