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?
Late last month, a forum of Australian and New Zealand ministers met in Auckland to discuss a number of proposed and recently implemented changes and additions to the countries’ food regulations. Once again, they voted against allowing hemp as a legal...
Even though a council of antipodean ministers has rejected calls to allow the use of hemp seed oil as a food, Tasmania’s government is planning to introduce legislation that will encourage growth of the state’s hemp industry.
Food made from hemp has great potential for Australia’s economy, according to the Complementary Healthcare Council, which is urging the country’s regulators to recognise the plant as a legitimate source of food.
The decision by Food Standards Australia New Zealand (FSANZ) to approve the use of hemp products containing low levels of tetrahydrocannabinol (THC) in the production of food has received widespread approval since its announcement earlier this month.