On Aug. 28, 2020, Paraguay’s President, Mario Abdo Benítez, issued a decree that could see the country’s hemp industry changed for the better. The President declared the hemp plant a national interest plant and that it will benefit from government incentives and other support structures.
As part of the government’s support, it will strengthen the country’s hemp industry’s research and commercialization. The move is aimed at boosting small scale farmers and cooperatives.
According to Lorenzo Rolim da Silva, the President of the Latin American Industrial Hemp Association, the August decree is a major landmark that will promote hemp in Latin America. By the government supporting hemp farming, it will be taking bold steps to become a leader in the region.
Paraguay is currently preparing for its first hemp export to the US. This month, Healthy Grains, a Paraguayan company that produces superfoods, is expected to make the shipment.
The superfood company also welcomed the government decree. In a statement, it said that the government’s move will be a new agribusiness alternative and will be greatly beneficial to peasant families’ economy.
Some of the decree things to achieve include promoting hemp benefits and enhancing production among cooperatives and associations. The decree is also aimed at quality control and added value through technology.
Further, in the decree, the government will add cannabis varieties to the National Register of Commercial Cultivars (RNCC). Lastly, the decree promises to regulate hemp farming and set national and international hemp marketing strategies.
Over the last 15 years, Paraguay has grown its agricultural sector by an average of 4%. The new policies that will see cannabis transition from an illegal plant to one backed by the government would see the growth improve in the coming days.