By 420 Intel on Monday, 26 October 2020
Category: Business & Finance

Australia: Victoria’s Industrial Hemp Taskforce Reports In

The Victorian Government says the future of an industrial hemp industry in the state is looking bright after a taskforce report was tabled on Wednesday.

While Victoria is striving to be a leader in medicinal cannabis in Australia, when it comes to hemp it’s quite the laggard – but perhaps that will change soon.

Approximately 200 hectares of hemp was planted in the state in the 2019-20 growing season.170 hectares were cultivated in 2018-19 and 600 hectares in 2017-18. The drops compared to 2017-18 has been primarily attributed to low water availability; but red tape wouldn’t be helping any.

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