The Voice of the Hemp Industry

On June 1st & 2nd 2016 EIHA (European Industrial Hemp Association) held its 13th Annual Conference. It is the leading event of the sector worldwide with hundreds of participants and contributors. With EIHA & Nova Institut spearheading its organisation, the event has established itself as the central locus of both networking and technical dissemination within the Hemp Sector. It was an opportunity for the Hemplab Institute to cement various contacts made during previous projects as well as expand into new and exciting possibilities.

Standardisation, GMP / GAP & Hemp Market Projections

The repetitive theme of this year’s event, echoed by concerns from participants and contributors alike, was that of Standardisation of practices particularly GMPs & GAPs. This marks an evolution from earlier market concerns centred primarily on agricultural legislation, financial viability and agricultural techniques & equipment. It is testimony to the maturing process the industry is undergoing, with an ever growing list of products and hemp applications. The next step of this process is producing ‘mainstream’ products – particularly in the food & pharmaceutical markets – which invariably implies highest consumer standards, validation and analytical precision.

CANNABINOID ECONOMY HEMP MARKET DEVELOPMENTS HEMPLAB INSTITUTE

EIHA 2016 Conference – HEMPLAB Institute

Another marker of maturity evident during this year’s event was the presentation and discussion of much more comprehensive and authoritative market data and projections of the industry – with aptly demarcated analyses of particular sub-categories of products such as ‘self-care CBD’ products or food supplements. Key market risks relate to the lack of uniform legislation (on a European level) – a concern which was identified by our 2015 report.

Hemp: A market for Analytical Laboratories

With the concept of ‘Standardisation’ on everyone’s mind, the discussion naturally progressed towards the existence of institutions and companies capable of carrying out such programmes and their analytical methodologies. Analytical equipment manufacturer Waters was present with a dedicated stand and the presence of North American laboratories (e.g. ProVerde) to share technical know-how, with which we had the chance to discuss in depth our mutual experiences. With analytical standards and methodologies still absent for cannabinoids across the world, it provides a major opportunity on commercial grounds, as well as scientific and policy requirements.

We look forward to the 14th edition of this informative event!