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 Why We Shouldn’t Be Pushed Into Re-opening Our Borders


I believe in yesterday as much as Paul McCartney, but it was bemusing to see the amount of media attention lavished last week on the pandemic-related musings by former government science adviser Sir Peter Gluckman, former Prime Minister Helen Clark and former Air New Zealand chairman Rob Fyfe. Unfortunately, the Gluckman paper had no fresh insights to offer as to how and when New Zealand should re-open to visitors from places where the Covid-19 virus rages on, virtually unchecked. Instead, Gluckman and Co posed a string of rhetorical questions – I counted 23 of them in a three page document – presented as if no-one has ever considered such matters before... More>>
 

Isolation: Government And Air NZ Agree To Manage Incoming Bookings

Bookings for seats on Air New Zealand flights into New Zealand will be managed in the short term to ensure the Government is able to safely place New Zealanders arriving home into a managed isolation or quarantine facility, says Housing Minister Megan ... More>>

ALSO:

Government: New Investment Creates Over 2000 Jobs To Clean Up Waterways

A package of 23 projects across the country will clean up waterways and deliver over 2000 jobs Prime Minister Jacinda Ardern and Environment Minister David Parker announced today. The $162 million dollar package will see 22 water clean-up projects ... More>>

ALSO:

Government: David Clark Resigns As Health Minister

The Prime Minister Jacinda Ardern has accepted David Clark’s resignation as Health Minister. More>>

ALSO:

Election 2020: Green Party Unveils Income Policy

The Green Party is today unveiling its Poverty Action Plan, which includes a Guaranteed Minimum Income to ensure people have enough to live with dignity. The scheme resets income support payments to ensure everyone not in full-time paid work gets at least ... More>>

ALSO:


Conservation: New Protection For Dolphins

Extensive new protections are being put in place as part of an updated plan to look after New Zealand’s native Hector’s and Māui dolphins, announced Minister of Fisheries Stuart Nash and Minister of Conservation Eugenie Sage today. More>>

ALSO:

Auckland: Water Consent Referred To Board Of Inquiry

Environment Minister David Parker has today “called in” Auckland’s application to the Waikato Regional Council to take an extra 200 million litres of water a day from the lower reaches of the Waikato River for Auckland drinking water and other municipal uses... More>>

ALSO:




Covid-19 Patient Info Leak: Hamish Walker - A Personal Statement And An Apology

I have spoken to National Party Leader Todd Muller and informed him that I passed to members of the media, by email, information containing Covid-19 patient details that was given to me by a source. I did this to expose the Government’s shortcomings ... More>>

ALSO:

PM: Labour Will Extend Loan Scheme 'lifeline' For Small Business

Labour has announced its plans to extend the Small Business Loan Cashflow Scheme and spend $162 million on a waterway clean-up package. More>>

ALSO:


Biosecurity: Winston Peters On EU Travel: 'We're Not Going To Compromise Our Country's Health'

Foreign Minister Winston Peters says New Zealanders who head to Europe on holiday should pay for their two weeks' hotel quarantine when they return. More>>

Economy: Infrastructure Investment To Create Jobs, Kick-Start COVID Rebuild

A new package of infrastructure investments will help kick-start the post-COVID rebuild by creating more than 20,000 jobs and unlocking more than $5 billion of projects up and down New Zealand. Finance Minister Grant Robertson and Infrastructure Minister ... More>>

ALSO:

Covid-19: Isolation System To Be Beefed Up After Stress

A range of improvements are already underway to address issues identified in the rapid review of the Managed Isolation and Quarantine system released today, Housing Minister Megan Woods said. The review was commissioned just over a week ago to identify ... More>>

ALSO:

Election 2020: Parties Get Into Gear

ACT has today announced its list for the 2020 General Election. “The calibre and experience of our candidates will impress voters of every persuasion. We have candidates from all walks of life. People who have built their homes, families and businesses ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels