Sunday, May 28, 2017

Hemp investors show interest in Guyana


A NUMBER of investors, entrepreneurs and financiers from the U.S., UK, Canada and Australia (including overseas-based Guyanese) have made positive enquiries, concerning investment potential in Guyana as an industrial hemp industry.
“Undoubtedly, the Guyana Government’s stability has created a good climate for investment,” says Hemp News, “but needs to speed up the repealing of the legislation and restrictions for the cultivation of industrial hemp and the manufacturing of over 25,000 types of hemp products.”
Speaking with Hemp News, a U.S.-based Guyanese who visited the country recently, pointed out that the hemp industry is making a great comeback worldwide and is very important to the economic future of Guyana, and could become the country’s economic legacy to eradicate poverty.
He explained that a number of these investors are becoming engaged in export-oriented enterprises and will employ and train thousands of Guyanese in the future.
Meanwhile, the latest enquiries came from a U.S.-based company, Hemp Inc, founded in 2008. The company has the largest decortication plant to process industrial hemp, located in Spring Hill, North Carolina.
Hemp Inc’s mission is to provide green solutions to make the world a better place to live, and supplies products that are eco-friendly, organic, healthy, and a solution that replaces many petroleum-based products.

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