Caribbean National Weekly

Guyana laying the groundwork for development of hemp industry

By Santana Salmon··1 min read
Guyana laying the groundwork for development of hemp industry
Key Points(5)
  • The Guyana government has tabled legislation aimed at <a href="https://dpi.gov.gy/guyana-looking-to-tap-into-multi-billion-dollar-hemp-industry/">establishing a hemp industry in the country</a>.
  • Agriculture Minister, Zulfikar Mustapha, said the Industrial Hemp Bill will, “provide for the cultivating and manufacturing of industrial hemp and hemp-related products; to provide for the conducting of research and industrial hemp or any other activity concerning or relating to industrial hemp”.
  • The bill, tabled on Tuesday, also proposes the establishment of the Guyana Industrial Hemp Regulatory Authority, which will be the governing body of the hemp industry.
  • Hemp, often confused with marijuana, is a member of the cannabis family, but it has significantly lower tetrahydrocannabinol (THC) than marijuana.
  • THC is the psychoactive ingredient in <a href="https://www.caribbeannationalweekly.com/caribbean-breaking-news-featured/support-grows-for-decriminalization-of-marijuana-in-caribbean/">marijuana</a> that gives users the ‘high feeling’.

The Guyana government has tabled legislation aimed at establishing a hemp industry in the country.

Agriculture Minister, Zulfikar Mustapha, said the Industrial Hemp Bill will, “provide for the cultivating and manufacturing of industrial hemp and hemp-related products; to provide for the conducting of research and industrial hemp or any other activity concerning or relating to industrial hemp”.

The bill, tabled on Tuesday, also proposes the establishment of the Guyana Industrial Hemp Regulatory Authority, which will be the governing body of the hemp industry.

Hemp, often confused with marijuana, is a member of the cannabis family, but it has significantly lower tetrahydrocannabinol (THC) than marijuana. THC is the psychoactive ingredient in marijuana that gives users the ‘high feeling’.

Research has shown that hemp has proven to be a super plant, responsible for the creation of myriad products including rope, textiles, clothing, shoes, food, paper, bioplastics, insulation, and biofuel.

The Agricultural Marketing Resource Centre said hemp is rich in protein, unsaturated fats, fiber, minerals, and vitamins and it protects the brain, boosts heart health, reduces inflammation, improves skin conditions, and relieves rheumatoid arthritis.

Earlier this year, President, Dr. Irfaan Ali, said Guyana can develop a viable hemp industry.

“The hemp industry is not only about hemp production, but it is about having the processing and value-added facilities here in Guyana and these are industries that can generate jobs, these are industries that have high-value return.”

CMC/

 

Related Stories

Eastern Caribbean leaders to engage EU over proposed CBI visa changes

Eastern Caribbean leaders to engage EU over proposed CBI visa changes

Suriname arrests 14 Chinese nationals after armed group footage sparks security concerns

Suriname arrests 14 Chinese nationals after armed group footage sparks security concerns

Guyana provides $2.76 billion in support to rice farmers amid global price pressures

Guyana provides $2.76 billion in support to rice farmers amid global price pressures

Bahamas government urged to release details of Ghana teacher recruitment agreement

Bahamas government urged to release details of Ghana teacher recruitment agreement