In order to stimulate the production of industrial cannabis, Italy removed the need for authorization to grow certified cannabis with levels below 0.2. Cultivation with minimal levels of psychoactive compounds has several commercial applications including food, fabric, clothing, construction materials, and animal food. In Italy, certified cannabis plants can be used for industrial purposes.
The Italian cannabis industry increased tenfold within five years from 400 hectares in 2013 to almost 4,000 hectares estimated in 2018.
Fields are cultivated with cannabis in the countryside of Italy, including Sicily and Sardinia.
You can find more information about the cannabis industry and other important news in the cannabis sector in the Hemp.im app.
This app collects the latest hemp news among cannabis sectors that investors operate in.
Cannabis rules in Italy
A potential turnover for cultivation and sale of cannabis plants is estimated at over $44 million (€40 million) with a significant employment impact. These are Coldiretti’s estimates in a report illustrating the Italian cannabis industry.
Light cannabis is marketable in Italy, but there are several limitations at the moment, intervened with the ruling of the Court of Cassation, which banned the sale of oil, resin, and inflorescence derived from hemp.
What remains regular are “food, cosmetics, semi-finished products such as fiber,” and also “fuels for industrial use.”
The ruling, however, did not sanction the final closure of the light cannabis shops. However, the amendment in the Senate puts the Italian cannabis industry at risk.
In the text blocked by Senate President Elisabetta Casellati, the regulation of cannabis in “dried, fresh, chopped or pelletized form for industrial, commercial and energy purposes” was foreseen. There was also a taxation of $0.55 (€0.5) per gram on the finished product.
The Italian cannabis industry has an estimated 4,000 hectares
According to Coldiretti, this is an industry that hides a strong business. There are hundreds of farms that have invested in the Italian cannabis industry.
In addition, it turns out that the land cultivated with hemp in Italy within five years has increased tenfold from 400 hectares in 2013 to almost 4,000 estimated for 2018, in the countryside from Puglia to Piedmont, from Veneto to Basilicata, but also in Lombardy, Friuli Venezia Giulia, Sicily, and Sardinia.
There are many variations of hemp, from biscuits to hemp bread, from hemp flour to oil, but there are also those who use hemp to produce ricotta, tofu, and a tasty vegan drink, as well as beer.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Hemp.im, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Il Sole 24 Ore, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.