Value-Added Products to Fuel Guyanese Drive Into Hemp Industry

• Guyana is eyeing the development of a viable hemp industry through the efficient utilisation of the value-added aspects of the plant. 
• President Irfaan Ali revealed that his government would be moving in this direction as processing and value-added facilities would generate employment and a high-value return. 
• Consequently, the President intends to meet marijuana farmers on the possibility of them capitalising on the hemp industry and legally earning money. He believes the hemp industry will be a net gain for the county and can also help in at-risk communities. 
• Moreover, the Global Industrial Hemp Markets Report 2021-2028, published by GlobeNewswire last November, states that the global industrial hemp market size is expected to reach US$12.01Bn by 2028 and to expand at a compound annual growth rate of 16.2% from 2021 to 2028.

(Source: Our Today)