The ministry informed Pakistan’s National Assembly committee on Science and Technology that Pakistan can develop a total of $3 Billion in earnings if it starts planting hemp. Sajid Mehdi chaired the committee, and the hemp discussion was brought to light by the Ministry of Science and Technology.
The global hemp industry is presently worth around $45 billion. These digits are expected to increase dramatically, making the sector reach about $100B in 2026. With precise numbers and incredible resources to improve the crop, hemp can be a gold mine for the nation.
The ministry of science and technology, while reporting to the committee concerning the hemp policy, said that after being approved by the federal cabinet, it got back to the ministry in April, and now a summary of the policy is to be authorized by the new science and technology minister.
The ministry also informed that it had created almost 93 kgs of hemp with the help of Arid Agriculture University. This hemp was made for test and trial purposes; therefore, most of it is now present at the (PCSIR) Pakistan Council of Scientific and Industrial Research Laboratories for testing.
After sending 73 kgs of hemp to the (PCSIR) Pakistan Council of Scientific and Industrial Research, the remaining 20 kgs were sent to the National Textile University (NTU). While PCSIR will perform towards pulling CBD oil from hemp, NTU will try to create fiber out of it.
Involvement of The Drug Mafia?
While hemp production, in this case, is being done to extract essential aids or imports to increase GDP, with hemp being an addictive drug, it brings along some negative attractions.
Often confused with marijuana, hemp smells and looks like marijuana, but both plants have different drug effects. Once locally farmed, hemp can entice customers from the drug mafia, who will propose much more reasonable prices, thus luring producers.
To oppose this problem, the committee has chosen that the whole process would be tracked with extreme caution and that “stringent measures” would be abode.