Canadian lawmakers will be enacting new regulations allowing for the use and sale of hemp flowers, mainly for the purposes of CBD extraction. Growing industrial hemp has been legal in Canada with the exception of making use of the leaves and flower, which has high levels of cannabidiol. “Because only trace amounts of cannabidiol are found in hemp stalks and seeds, much of the value of Canada’s hemp crop currently goes in the trash.” The new regulations will boost the nation's already thriving hemp industry.



Jenn Larry of the Montreal-based consulting company CBD Strategy Group stated, “We’ve been growing hemp forever, and we’ve been throwing out the flowers forever, but now we can work with the whole plant. Right now, all eyes are on Canada when it comes to hemp.”



Canada grew approximately 120,000 acres of hemp in 2017 — which is about ten times more than the US grew during the same time period. Considering Canada’s impending legalization of marijuana next summer, this was a wise move to make. Some estimate the Canadian hemp market alone to be worth over $1 billion by 2023.