A few days ago, the Peruvian company C Coorp announced its intention to invest $50 million to implement the first national industry of hemp (common hemp), a variety of cannabis used since ancient times in the manufacture of textiles, ropes, and canvas, and which lacks psychoactive components.
The aim of the holding company is to manufacture polo shirts and work uniforms “made in” Lambayeque for export, since in Peru there is no regulation for the industrialization of this crop, as there is in nearby countries, for example, Colombia and Uruguay, where there are more than 160 companies dedicated to this activity.
Read more on the subject and find the latest hemp news from around the world with the Hemp.im mobile app.
Congressman Arturo Alegría proposes to expand the agricultural frontier with hemp crops
Precisely to overcome this obstacle, Congressman Arturo Alegria presented before the Agrarian Commission of the Congress of the Republic, bill 3962/2022-CR which seeks to promote the economic reactivation through the cultivation and industrialization of hemp.
The proposal received favorable opinions from the members of the commission, the Minister of Agriculture, Fabiola Muñoz, and Produce officials.
That, in the spirit of ‘giving an opportunity to hemp not only as an alternative crop, but as a development measure or opportunity for the country’s economy,’ said Alegria.
“And, above all, the congressman points out, to remove the stigma attached to the hemp plant, making it clear that ‘hemp and marijuana are different products.”
In fact, there is a substantial difference between cannabis sativa, or common hemp, a plant used in the manufacture of paper, ropes, clothing, bioplastics and margarines, and cannnabis sativa indica, from which marijuana and hashish are obtained.
“They are plants that do not grow together because if a marijuana plant infiltrates a hemp plantation, it contaminates the whole crop and would make it illegal,” Alegría specified.
The project presented by the congressman seeks to enhance the value of the Peruvian agricultural frontier and, in particular, the northern coastal areas because “they are the most fertile and adaptable lands for the hemp industry.”
The congressman pointed out that hemp can be used to transform rice plantations, which are an oversupplied product, and convert them to this variant of cannabis, which has a huge overdemand in the world.
Raúl Injoque, director of Business Development of Futura Farms, a company involved in the use of hemp in all its variants, pointed out that the world market of this plant generates around $4 billion annually and it is thought that it will grow at least five times more.
Congressman Arturo Alegría proposes to expand the agricultural frontier with hemp crops.
Alegria says that in the coming days, a technical working group will be set up with the participation of the private and public sectors, civil society, and academia, to discuss the hemp industrialization project.
“We have the commitment of Produce and the Minister of Agriculture. We still need to invite the Ministries of Justice, Foreign Trade, and Health,” he said. The idea, he notes, is to generate a bill in Congress that has the endorsement and conviction of the Executive.
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First published in El Comercio, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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