January 20, 2015

Hemp Is a Superfood but Not in Australia?

With retail sales in the US worth $500 million, the sale of seed and oil also appear economically sound. However the local industry isn't likely to echo overseas economic success as Australia's delayed response means it's too late for Australia to play a major exporting role in the industrial hemp industry. Hemp Australia's Lisa Estreich adds, "In 1999 Canada's turnover was $50,000 and now they're a $500 million industry. We need it for Australian produce, but because Canada is so huge it's probably only going to be for our own local consumption. Sadly we've lost the potential to be great exporters."

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