Breaking the niche, how cannabis could add $1b to the economy

Hemp Farms Australia > NEWS > Media > Breaking the niche, how cannabis could add $1b to the economy

By James McManagan

Queensland Country Life

It might not be happening quickly but the cogs ending Australia’s cannabis prohibition are turning – according to one of the country’s largest suppliers of industrial hemp genetics, Hemp Farms Australia.

Lauchlan Grout and Harrisson Lee founded the company in 2013 and believe industrial hemp and cannabis is no longer a niche industry in Australia with regulation slowly catching up with the crops’ potential as a nutritional and medicinal product.

The pair were just 20 years old when they began building HFA and did it off the bold prediction Australia would one day legislate the sale of cannabisfor human consumption and export.

Image: Queensland Country Life journalist James McManagan visits Hemp Farms Australia’s Bundaberg based crop (HFA, 2020)