Like many countries, Australia has embraced the hemp normalization trend. Food Standards Australia New Zealand (FSANZ) made low-THC hemp foods legal in 2017. The year prior, Australia federally legalized cannabis production for medicinal and scientific purposes.
Agrifutures Australia is funding the development of the Australian Industrial Hemp Program of Research (AIHPR) to the tune of AU$ 2.5 million for a five-year project. Agrifutures Australia is a government agency tasked with developing rural leadership and investing in research and innovation to advance rural communities.
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Gulf prices average higher despite weeklong declines in SBO
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