The project for the development of hemp cultivation in Costa Rica is a reality. The regulations for the cultivation and import of this plant and its derivatives are ready and 40% of the permits are intended exclusively for small producers.
In this article we tell you what hemp is and how you can take advantage of this new investment opportunity.
What is hemp or industrial hemp?
What is hemp or industrial hemp?
Hemp is a variety of the cannabis sativa plant. This variety has been used for the production of different products throughout the history. Evidence has been found that hemp was used in Asia more than 7000 years ago.
This plant belongs to the same species as marijuana; plant that has been banned and cataloged as a drug for its psychoactive effects. The prohibition of marijuana affected the hemp production worldwide.
Fortunately, in recent years there have been efforts to highlight the benefits hemp can bring in different industries.
Uses of hemp
Is my farm suitable for planting Hemp?
To develop hemp production as an investment it is necessary that the farm meet certain requirements. Hemp can be grown in almost any type of soil, however, the most suitable is a deep, moist soil with good nutrient capacity. Optimal pH of 6 to 7, never less than 5 and with the texture with the least possible clay. In addition, it must have a sufficient amount of organic matter (about 2%) and at least a cation exchange capacity CIC of 15 to 20 meq/100 g.
The ideal temperature to grow hemp is 20 to 30 degrees Celsius, with most of the territory of Costa Rica suitable for this crop. It is important to maintain a moist soil, water needs can range from 1500 to 3000 m3 for normal development. Its sowing can be done at maximum altitudes of 900 m.a.s.l.
Other specifications are; having the cultivation authorization issued by the MAG, having a valid sanitary operating permit from the Ministry of Health, certificate of Good Manufacturing Practices issued by the Ministry of Health, among others.
How to prepare my farm for hemp cultivation in Costa Rica?
How to prepare my farm for hemp cultivation in Costa Rica?
With the opening of applications to obtain licenses in the production of hemp, the cultivation of marijuana for medicinal use is also being allowed. There is the possibility of exporting quality hemp to the whole world; an opportunity to be one of the firs farms to obtain licenses and start a new business that can become very profitable.
For more information about the process to obtain a license for hemp cultivation, you can access the website of the MAG.
If you want to know the options of farms for development in our portfolio, do not hesitate to contact our specialized advisors.