Uzbekistan’s detailed website reported on December 26 that the Ministry of Investment and Foreign Trade of Uzbekistan recently signed a memorandum of intent with the Maltese company Melasdfssdfsbis on the cultivation of industrial hemp in Syr Darya State.
According to reports, Melasdfssdfsbis plans to plant 500 hectares of industrial hemp in the first year and expand the planting area to 3,000 hectares within three years. The company will adopt high-tech in accordance with international standards. After cultivation, the products produced will fully comply with WHO standards and are planned to be exported to EU countries. The project’s initial capital is approximately US$33 million, including the construction of high-tech factories and laboratories, and is expected to provide more than 100 jobs.
Industrial hemp can be used as a raw material for the production of paper, ropes, building materials, textiles and other products. Compared with growing cotton, the water requirement for growing industrial hemp is greatly reduced. Suitable for water-scarce areas. In addition, industrial hemp also contains CBD (cannabidiol) and THC (tetrahydrocannabinol), which can be used in the medical field. Drugs produced based on CBD and THC have anti-inflammatory and analgesic effects and are used to treat epilepsy, Crohn’s disease and other diseases.
In the past five years, as the research on the application of industrial hemp in the medical field has made positive progress, the global industrial hemp market has developed rapidly, with the United States, Canada, Australia, Portugal, and Spain , Malta and many other countries have increased investment in this field.
Uzbekistan introduced a legal amendment in March this year, allowing the cultivation, import (export), processing, storage and sale of THC values below 0.2 for industrial production purposes. % of cannabis plants, the Uzbek government will issue licenses to companies that meet the requirements. At present, Ufa (state) joint ventures and Turkish companies have expressed interest in growing and processing industrial hemp in Uzbekistan. Among them, Turkish companies signed a memorandum of understanding with a total amount of US$229 million with the Ministry of Innovation and Development of Uzbekistan in July this year. </p
