UNCTAD/UN-Workshop on industrial hemp

Published: 4. July 2023

Hemp Cluster was the only one for Slovakia to participate in the UNCTAD (The United Nations Conference on Trade and Development) hybrid workshop of the UN agency in Geneva. Within this event, the UN continues to revolutionize the global view on industrial hemp. Industrial hemp has no intoxicating properties. Nevertheless, it remains a controversial plant. In total, about 40 countries currently produce significant quantities of industrial hemp. However, due to the narrow set of hemp products covered by international trade statistics, the recorded flows do not reflect the true size of the global industrial hemp market. Despite an estimated total value of approximately US$5 billion in 2020, trade in such products, as reported in international trade data sets, amounted to only US$42 million.

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