A vision for the Canadian hemp industry: new lines, new products, more acres

Canada’s hemp industry is pushing towards a whole new future, now that regulatory changes have opened up the opportunity to extract more value from the crop.

Ted Haney, executive director of the Canadian Hemp Trade Alliance, says that the industry was built on one revenue stream, but its long-term viability depends on the ability to add more revenue streams.

Processors need a home for off-spec seed, hulls, and protein cake, Haney says, adding that these products could move into the livestock sector with the proper approvals. There needs to be increased capacity of primary and secondary fibre processing, too, and at-scale harvesting of the flower and leaf of the hemp plant for processing.

Because the industry has been seed-focused for several years, current genetics reflect that. Haney adds that last year’s regulatory change was the trigger needed to evolve cultivar development. Haney says there were at least 20 cultivars field tested this year that are on the road to registration. By 2023, he says, farmers will be able to choose from a new list of dual or tri-purpose hemp lines, ones with solid seed yield, improved CBD content, and valuable fibre.

But it’s not all sunshine, rainbows, and trend lines going straight up. Haney says that there are some major obstacles to navigate in launching this industry past a one-product crop. Regulations and legislation take time and can hamper advancement. What’s more, there’s still confusion at the regulatory level in separating hemp from pot. Then there’s the finance challenge: not all lenders are familiar with the hemp industry and can shy away from farmers or processors looking for financing, simply because they don’t understand the crop.

Hear more from Ted Haney in conversation with Shaun Haney below:

Leave a Reply

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Privacy Preference Center

Necessary

Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

gdpr, __cfduid, PHPSESSID, wordpress_test_cookie, woocommerce_items_in_cart, woocommerce_cart_hash, wp_woocommerce_session, wordpress_logged_in, wordpress_sec, wp-settings, wp-settings-time, __cf_mob_redir, wordpress_cache, realag
__cfduid

Marketing

Measuring interactions with the ads on the domain.

__gads,fsk_ut_2317
IDE

Statistics

These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

_ga,_gid,_gat,_cb,_chartbeat2,_chartbeat4
_ga,_gid
metrics_token

Preferences

Preference cookies enable the website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

chartdefaults, comment_author, comment_author_email, comment_author_url
JSESSIONID, _os_session,anonymous_votes,csrf-param,csrf-token,user,user-id,user-platform,intercom-session,intercom-lou,intercom-session
personalization_id, tfw_exp

 

Register for a RealAgriculture account to manage your Shortcut menu instead of the default.

Register