Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

iHemp Summit aims to kick-start industrial hemp economy

iHemp Summit aims to kick-start industrial hemp economy in NZ

Inaugural summit to explore iHemp business opportunities in food, fibre and medicine.

WELLINGTON, N.Z., May 21, 2018 – New Zealand’s first iHemp Summit will be held in July with the aim of kick-starting a home-grown iHemp (industrial hemp) economy. Building on global interest in hemp business opportunities and fuelled by changing legislation, the summit will explore the potential for New Zealand to be the best in the world at growing and using hemp for food, fibre and medicine.

“New Zealand has a fantastic opportunity to create a brand new primary industry based on hemp, and now is the time for an informed discussion,” says Richard Barge, Chairman of the iHemp Summit & Treasurer of the NZ Hemp Industries Association Inc (NZHIA). “iHemp is being recognised as a sustainable source of food, fibre and medicine and this creates opportunities for companies to make it part of their future business plan and be part of what is projected by some analysts to be a $NZ75 billion global industry by 2025.”

The iHemp Summit is open to companies, farmers, scientists, funders, community leaders, economic development representatives, regulators and others wanting to look at opportunities to collaboratively develop the New Zealand industrial hemp economy. At the summit experts will share local and international knowledge on hemp, identify the local and export opportunities available to companies entering the industry, highlight the barriers to success within the market and develop strategies and relationships that will help the industry to overcome them.

Speakers include Phil Warner the Founder & Chief Executive of Ecofibre, Andrew Davidson a Director of Midlands Seed and Midlands Nutritional Oils, Andrew Gibbs a Partner at Deloitte, Jeff Kostuik the Director of Operations at Hemp Genetics International, Bob Doyle the Managing Director of Hemp International Australia, Bryan Wilson the DDG for Regulations & Assurance at MPI, Paul Morgan the Managing Director of Fomana Capital, Steve Saunders the Chairman of Plus Group, Manu Caddie the Managing Director of Hikurangi, Miriana Stephens a Director of Wakatū Incorporation, University of Waikato Professor Kim Pickering, Callaghan Innovation Senior Research Engineer Stephen Tallon, Western Sydney University lecturer & researcher Maggie Davidson, retired scientist Dr Mike Nichols who lectured in horticultural science at Massey University for over 40 years, Simon Rowell the owner of Innovation Liberation Front, Renata Hakiwai the Chief Executive of Whenua Kura, Mack McIntosh the Chairman of the NZHIA and Richard Barge the CEO of Hemptastic and the iHemp Summit Chair.

“Serious momentum is beginning to build globally in the iHemp industry as people become aware of the potential. New business opportunities are being created by legislative changes in areas such as hemp-seed law for food and the use of cannabis in medicine”, says Andrew Gibbs, Partner, Deloitte.

In New Zealand food safety authorities are currently looking to follow Australia to allow hemp seed to be used in food by changing regulations under the Food Act, the Misuse of Drugs Act and the Medicines Act. These law changes expected later this year will allow hemp seed to be sold as a food in New Zealand, in addition to the current legislation allowing the local sale of hemp seed oil.


Andrew Davidson, Director of Midlands Seed and Midlands Nutritional Oils, says: “Demand for our Cold Pressed hemp seed oil is being fuelled by interest in its beneficial health properties. It’s rich in essential fatty acids such as Alpha-linolenic acid (ALA, Omega 3) and Gamma-linolenic acid (GLA). These are the sort of speciality products that are also attracting the rapidly growing market of vegetarian and vegan consumers looking for new protein sources.

“There is enormous potential in hemp food products and the market is growing around 25% year on year. Legislative changes that will allow other hemp seed based foods will open up new sources of income and markets for the crop, potentially tripling plantings in the next few years.”

Mr Barge adds, “Kiwi ingenuity has a lot to offer the emerging iHemp industry. We have talented people that can create solutions and improvements for growing and processing our annual crop, in to a wide range of exportable products and technology in food, fibre and medicine. To make the most of the opportunity we need to set the vision for our country's industrial hemp value chain and the summit can play an important role in this.”

The summit is being co-ordinated by the NZ Hemp Industries Association Inc (NZHIA), which has been promoting the iHemp industry since 1997, with sponsorship and support from Midlands Seed/Midlands Nutritional Oils, Agmardt, Hemptastic, Hill Laboratories, Ligar, KiwiNet, Nutrient Rescue and Plus Group Horticulture.

The inaugural iHemp Summit will take place at in Wellington on 5th and 6th July 2018. For details see https://h

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Not Buying What Todd Muller Is Selling

Chloe Swarbrick is number three in the Greens Party list released this morning. Todd Muller has released his new party line-up today, which will excite everyone who still wants to know what Gerry Brownlee and Judith Collins will be up to in future. Wider point being : Swarbrick is a household name after three years in Parliament, and has been steering our cannabis laws towards a national referendum at this year’s election. Todd Muller has spent twice as long in Parliament as Swarbrick and yet – until last week – no one beyond his immediate family and friends had ever heard of him... More>>


 

National: "Todd Muller Announces Shape Of Next Government"

National Party Leader Todd Muller has announced the line-up of the next Government. “New Zealand is facing perhaps the toughest time that almost anyone alive can remember. “We are borrowing tens of billions of dollars to get us through this crisis. There ... More>>

ALSO:

Lockdown Rules: Timeline For Moving To Level 1 Needed

The BusinessNZ Network is calling for more clarity about the conditions under which businesses can move to Covid level 1. The network is concerned about large numbers of businesses that are at risk of closure if restrictions continue at the current ... More>>

Gordon Campbell: On National’s Day Of Reckoning

Congratulations. You are one of the 55 members of the National caucus being called together tomorrow to choose who will lead you to either (a) catastrophic or (b) honourable defeat on September 19, thereby saving some (but not all) of the jobs currently on the line. Good luck. Your decision process starts NOW... More>>

ALSO:


Budget 2020: Jobs Budget To Get Economy Moving Again

Investments to both save and create jobs in Budget 2020 mean unemployment can be back to pre COVID-19 levels within two years and could see the economy growing again as early as next year. More>>

ALSO:

Covid-19 Response: Law Setting Up Legal Framework For Covid-19 Alert Level 2 Passes


The law establishing a legal framework for the response to Covid-19 has passed its final reading and will become law in time for the move to Alert Level 2 tonight.
This is a bespoke Act designed specifically to stop the spread of COVID-19... More>>

ALSO:

ACT: Parliament Quits MP Cut Pay Debate To Go Home Early

“In an outrageous move, Parliament has today passed voluntary MP pay cuts and avoided any debate over whether to make them compulsory and transparent”, says ACT Leader David Seymour.... More>>

ALSO:

Trans-Tasman Bubble: PMs Jacinda And Morrison Announce Plans

Australia and New Zealand are committed to introducing a trans-Tasman COVID-safe travel zone as soon as it is safe to do so, Prime Minister Rt Hon Jacinda Ardern and Prime Minister the Hon Scott Morrison MP have announced... More>>

ALSO:

The Dig: Steady State Economics: We’ve Got Some (systems) Thinking To Do

In this time of impending economic and ecological crises, we urgently need to aim for a sustainable or ‘steady state’ economy. In order to get there, we will need to adopt a ‘systems-thinking’ outlook taking into account the interconnections of our complex world.

In short, we’ve got some systems thinking to do... More>>

ALSO:

Election 2020: Parties Get Into gear

The Green Party is pleased to reveal its candidate list for the upcoming election. With a mix of familiar faces and fresh new talent, this exceptional group of candidates are ready to lead the Greens back into Government. Using the most democratic list ... More>>

ALSO:

Insight Into Regenerative Agriculture In New Zealand

There is a fast growing movement in New Zealand that has been happening out in paddocks, fields, gardens and hill country across the nation. It is a movement that holds the promise to reshape our productive land use industries towards systems that work with the natural environment to regenerate the land. The movement is that of regenerative agriculture. More>>

ALSO:

Covid-19: Tracer App Released To Support Contact Tracing

The Ministry of Health has today formally released the NZ COVID Tracer app to support contact tracing in New Zealand. Kiwis who download the app will create a digital diary of the places they visit by scanning QR codes displayed at the entrances to ... More>>

ALSO:


Gordon Campbell: On The Dodgy Politics Of Easing Level 3

As countries around the world tentatively emerge from lockdown, a lot of political noise is being generated by politically-driven arguments that (a) the safeguards need to be lifted faster and (b) the lockdown itself was an over-reaction likely to leave lasting economic damage in its wake... More>>

ALSO:

National: No Show By Treasury Shows Govt In Full Dismissal Mode

Treasury’s last minute decision not to bother showing up at the Epidemic Response Committee shows an arrogant Government that’s happy to dismiss scrutiny, National’s Finance spokesperson Paul Goldsmith says. “Treasury Secretary Caralee McLiesh was ... More>>

ALSO:

Govt: Concern At Introduction Of National Security Legislation For Hong Kong
Foreign Affairs Minister Winston Peters says the New Zealand Government has reacted with concern at the introduction of legislation in China’s National People’s Congress relating to national security in Hong Kong... More>>

ALSO:


 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels