From hempcrete in construction to animal bedding, carbon sequestration to biochar, pallets to the phytoremediation of end-of-life mine sites, a plethora of market channels have opened up for industrial hemp and Brisbane-based Hemp Farms Australia is seizing the opportunity.
Founded by Lauchlan Grout and Harrisson Lee in 2013, Grout tells Business News Australia the company has sold hemp seed for 1,200 hectares of farmland domestically this year with expectations that figure will triple in 2024, while the company has also teamed up with a distributor in the US where he believes the market opportunity could be 10-12 times greater still.
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Hemp Farms Australia booming as seed IP gains from new market channels
