{"id":17236,"date":"2024-03-14T13:59:26","date_gmt":"2024-03-14T13:59:26","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=17236"},"modified":"2024-03-14T13:59:27","modified_gmt":"2024-03-14T13:59:27","slug":"guyana-prepares-for-hemp-industry-development","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/guyana-prepares-for-hemp-industry-development\/","title":{"rendered":"Guyana Prepares for Hemp Industry Development"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Guyanese government is gearing up to establish a regulatory framework to support the development of a viable hemp industry in the country. <\/p>\n\n\n\n<p>Executive Member of Hempair International, Michael Kirton, expressed enthusiasm for this move, highlighting the potential it holds for economic growth in Guyana.<\/p>\n\n\n\n<p>The initiative involves trial cultivation of hemp in both Regions Six and Ten this year, aiming to capitalize on the economic advantages offered by the thriving hemp industry. <\/p>\n\n\n\n<p>Kirton emphasized the readiness of processors and manufacturers to convert the raw potential of industrial hemp into a variety of locally made products.<\/p>\n\n\n\n<p>With the government&#8217;s backing, Kirton believes that the industry&#8217;s development has significant economic benefits in store. <\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/03\/Samuel-HEMP-pk.mp3\"><\/audio><\/figure>\n\n\n\n<p>He stressed the importance of swift action, expressing optimism that the industry&#8217;s potential would soon become a reality.<\/p>\n\n\n\n<p>Under the guidance of the Guyana Industrial Hemp Regulatory Authority, the Ministry of Agriculture will accept applications for industrial hemp cultivation licenses. <\/p>\n\n\n\n<p>The Industrial Hemp Act, ratified by the government in August 2022, laid the groundwork for the legalization of industrial hemp in Guyana.<\/p>\n\n\n\n<p>The global industrial hemp market, valued at US $5.49 billion in 2023, is projected to experience significant growth in the coming years. <\/p>\n\n\n\n<p>With the regulatory framework and government support in place, Guyana is poised to tap into this lucrative market and harness the economic opportunities presented by the hemp industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Guyanese government is gearing up to establish a regulatory framework to support the development of a viable hemp industry in the country. Executive Member of Hempair International, Michael Kirton,&hellip;<\/p>\n","protected":false},"author":4,"featured_media":17237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366,350],"tags":[],"class_list":["post-17236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/17236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=17236"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/17236\/revisions"}],"predecessor-version":[{"id":17239,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/17236\/revisions\/17239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/17237"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=17236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=17236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=17236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}