Canada’s hemp industry has changed. Not overnight, but close. For years, hemp farmers have grown the crop for grain and partly for hemp fibres. This summer the majority of Canadian farmers are growing hemp to produce CBD. “I think with the CBD acreage, I think we might exceed that 170,000 (acres) this year,” said Jeff […] Read more
Tag Archives Hemp
Canadian exporters have hopes for hemp
CBD, an oil prized for health impact, now drives hemp market
Hemp yield uncertain ahead of harvest
MarketsFarm — While Canada’s licensed hemp acreage nearly doubled from 2018 to 2019, yield estimates will remain uncertain until licensed producers report their crops to Health Canada after harvest. “Health Canada, for the first time, will be collecting information on hemp acres that were seeded, rather than hemp acres that were licensed,” said Ted Haney, […] Read more
Supercluster backs oilseed protein joint venture
A project to extract new high-protein ingredients from canola, hemp and other such crops for use in the food, feed and aquaculture markets will be the first to get funding from Canada’s plant protein supercluster. Protein Industries Canada (PIC), set up last year as one of five federally-backed research and innovation superclusters, announced Wednesday it […] Read more
Hemp acres expected to double due to crop versatility
MarketsFarm — Canada’s hemp acres are set to double in 2019, according to the most recent principal field crop acreage report from Statistics Canada. The hemp industry is experiencing somewhat of a boom as hemp products of all stripes enter mainstream consumer markets. “Health Canada is running at least double the number of hemp license […] Read more
Aurora Cannabis to buy up all of processor Hempco
Edmonton cannabis company Aurora Cannabis is set to buy up the balance it doesn’t already own in hemp processing firm Hempco Food and Fiber. Aurora announced Tuesday it will pay $1.04 a share for the remaining shares of Vancouver-based Hempco, which makes and sells Planet Hemp hemp-based foods and Praise hemp-based supplements for dogs and […] Read more
Tilray to buy hemp food maker Manitoba Harvest
Reuters — Shares of cannabis firm Tilray Inc. rose as much as seven per cent on Wednesday after announcing a deal to buy hemp food maker Manitoba Harvest for up to $419 million as it seeks to gain a foothold in the lucrative business. The deal comes after the U.S. farm bill, which legalized commercial […] Read more
‘Bigger pie’ seen for hemp as industry evolves
CNS Canada — Canada’s hemp industry will have an eventful year in 2019 as the industry expands with more processing facilities and legislative changes. One such legislative change was the legalization of hemp in the 2018 U.S. Farm Bill. The bill passed this week in both the U.S. Senate and House of Representatives and awaits […] Read more
Cannabis’ cousin hemp entering new age too
CNS Canada — As cannabis basks in the glow of the first day of its legalized recreational sale, its close cousin hemp is coming through its own year of change. Ted Haney, executive director of the Canadian Hemp Trade Alliance, said hemp growers are going through a year in which they are learning how to […] Read more
New markets for hemp emerge with cannabis legalization
New hemp derivatives will be able to be sold, which could make it more attractive in Ontario
Industrial hemp growers may encounter a growing market as the Canadian government moves towards cannabis legalization. Part of the new federal cannabis legislation involves updating industrial hemp regulations to allow growers to harvest the flowering heads, branches and leaves of the crop for immediate sale to licensed cannabis processors — thereby making use of its […] Read more
Hemp growers eye new markets for 2018
CNS Canada — Hemp producers across Western Canada will potentially gain access to lucrative new markets thanks to changes for this year’s harvest. For the first time, hemp growers are allowed to harvest their plants’ buds, leaves and flowers, after receiving an exemption from Health Canada. The market opportunities will be significant, said Ted Haney, […] Read more