Michigan Farmers Harvest First Technical Cannabis Harvest

Following the adoption of the Farming Act in 2018, which legalized technical cannabis varieties, cannabis was sown in Michigan. On October 8, local farmers harvested their first crop and reported on the results of the 2019 harvesting campaign.

Hemp is more profitable to grow than other crops

Michigan authorities issued 572 licenses for the cultivation of cannabis on a total area of ​​13,198 hectares, 423 enterprises received permission to process the plant. Hemp was planted in the spring and summer of this year, so not all farmers have harvested yet. The director of the cannabis growing program, Gina Allessandry, said that information on the volume of production of hemp products will be known at the end of the year.

Local farmer David Connor decided to grow hemp instead of blueberries. This year he collected 9 tons of raw materials from an area of ​​10.5 hectares. CBD will be extracted from cannabis inflorescences, the stems will go to the production of building materials, paper and fabric. Conor argues that hemp is more profitable to grow than all other crops. For example, a blueberry crop harvested from 0.4 hectares costs $ 543, and cannabis yield from the same area ranges from $ 10,000 to $ 12,000.

CBD market continues to grow

Farmers get the lion’s share of the profits from the CBD market. The cannabinoid is added to the oil, tinctures, creams, food, and even animal feed. According to economists, the volume of trade in cannabidiol products in the United States will reach 22 billion by 2022. The popularity of a substance among consumers is due to its versatility: CBD is used to treat various diseases, for cosmetic purposes and as a bioactive additive.

Gary Schuler, the founder of GTF LLC in Michigan, believes that the main advantage of cannabis is that it can be used in its entirety. GTF LLC dries and processes cannabis waste. From the obtained raw materials produce food products, biodegradable plastic, and building materials.

The Michigan government plans to continue implementing an industrial hemp cultivation program next year. The authorities are ready to issue licenses for growing and processing plants to all interested institutions. In addition, on November 1, the administration will start accepting applications from companies that want to work in the recreational cannabis market. The first hemp stores will be open in 2020.

Phytomedicine and Cannabis Institute to open in Jamaica

The Jamaican authorities have entered into a partnership agreement with the Harvard Institute of Phytomedicine and Cannabis. With the support of American scientists, a center for research on cannabis and other plants will be created on the island.

Medical hemp as a factor in economic development

The Jamaican Institute of Phytomedicine and Cannabis will study the medicinal properties of plants and develop pharmaceutical and nutraceutical (food products for disease prevention) drugs based on them. The project will be led by the Council for Economic Development and the Ministry of Industry.

Industry Minister Audley Shaw said that this year the market for phytomedical products will reach $ 111 billion, with an average annual industry growth rate of 7.2%. According to officials, Jamaica will be able to make good money on phytomedicine due to biodiversity: 52% of plants with healing properties grow on the island. According to Shaw, over 85% of Jamaicans treat the most common diseases with elixirs made from various plants.

Jamaica insufficiently uses natural resources

Audley Shaw noted that Jamaica can no longer rely solely on sugar production. He believes that the country should diversify its business, in particular, create a phytomedicine industry. The Minister drew attention to the large area of ​​fertile virgin land on which cannabis and other plants with medicinal potential can be sown.

According to Wilfred Ngwa, Director of Harvard Global Health Catalyst, the uniqueness of the Jamaican project lies in the fact that it implies the creation of a complete production cycle for herbal preparations – from seed to the final product. Vice-President of the Council for Economic Development Sheren Smith claims that the Institute of Phytomedicine will be able to guarantee the safety and effectiveness of manufactured medicines, as they will be tested during clinical trials. In the process of drug development, they plan to use artificial intelligence and biotechnology at the Harvard Institute.

The project will be attended by local agronomists and doctors practicing traditional medicine. The knowledge and experience of the healers will be subjected to critical analysis and used for scientific purposes. From September 30 to October 2, American experts visited the Jamaican centers for the study of cannabis and other plants. In September, the cannabis conference and exhibition CanEx was held in the country for business representatives and investors from the United States, Canada, Europe, Australia, and South America.