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Новости/Аналитика

Hemp Pavilion in Davos at the World Economic Forum

27.01.2020

The discussion platform of the hemp pavilion received more than 20 speakers who revealed the unique details of the development of modern hemp breeding and did not tire of focusing on the prospects and relevance of hemp topics. Analysts have calculated that the economic effect of growing crops such as tomatoes or grapes is dollars per ton, in hemp breeding this potential is cents per kilogram.

For the first time in Davos (Switzerland) at the World Economic Forum last week, hemp plant was presented as a promising and actively developing sector of the economy. In a separate pavilion, entrepreneurs from different countries were able to discuss the main trends in the development of the industry, highlighting specifically the medical area.

The Israeli investor has become the general investor in the project to host the hemp pavilion in Davos, which is intensively pouring funds into the most highly profitable agricultural sector, sponsoring medical research. In such companies, they are confident that the future of mankind is in harmony with nature, and therefore “plant medicine” is the future of therapy, and there are already quite interesting research results both in the direction of regulation of pain syndromes, neuropsychiatric disorders, and in the field of cosmetology and regulation of metabolic processes .  

The discussion platform of the hemp pavilion received more than 20 speakers who revealed the unique details of the development of modern hemp breeding and did not tire of focusing on the prospects and relevance of hemp topics. Analysts have calculated that the economic effect of growing crops such as tomatoes or grapes is dollars per ton, in hemp breeding this potential is cents per kilogram. Based on this, the main goal for potential investors is highlighted - to introduce innovative technologies for a more detailed study of the potential of hemp. 

Also quite a significant challenge for states today is the settlement of the legal hemp market, as well as the elimination of the illegal "black" marijuana market. It is no secret that cannabis consumption occurs with or without permission, therefore it will be more productive for governments of different countries to find their own optimal mechanism for changing hemp legislation and, as a result, to unleash the potential of the medical and therapeutic use of hemp plants. 

California pharmaceutical scientists, speaking on the discussion panel, said that while working on new hemp-based drug models, they were pleasantly surprised by the diversity of its potential. American experts are sure that the huge period of oblivion of the most profitable agricultural crop played a "trick" on humanity, taking the time and opportunity to create optimal biological medicines based on the therapeutic properties of the plant, which are necessary in treating a huge number of serious, including chronic, diseases people and pets alike. 

The question was also raised that hemp is distributed unevenly on the world market, because individual countries, by virtue of their traditions and religions, do not want to "go deep" into hemp subjects. This applies primarily to the Asian and Middle Eastern markets. But even in such conditions, some companies are successfully developing in Asia, thereby “breaking” the traditional view of society on hemp and the products that are made from it. 

Speakers also spoke about hemp plant development trends in various fields of human activity - from traditional food to innovative therapeutic, gave practical recommendations on investing in various sectors of the industry, as well as on practical experience in harmonizing the regulatory framework in economically developed countries of the world. We dwell on the fact that without the regulatory support for activities in the field of modern hemp breeding, it is quite problematic to expect the full implementation of innovations and development of startups in the medical and recreational areas. 

Commentary of the Ukrainian Technical Hemp Association

During the training “Hemp - the relevance of legalization or a profitable business sector”, conducted as a field training for Hemp University specialists by the speaker and individual speakers, among other things, the situation in the field of medical use of hemp therapeutic properties both in the world and in Ukraine will be clearly illustrated.

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