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Italian farmers can get 300 euros per hemp hectare under the new financing program

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Italian hemp growers can get up to $300 per acre of cannabis planted under a recently launched financing program.

The Italian government has allocated €3 million in government funds to cannabis out of a total of €10 million aimed at promoting the development of “small supply chains”.

said Giuseppe Lapatti, a deputy from the M5S party who has support for the cannabis industry and works on the Agriculture Committee.

Research grants

In addition to agricultural subsidies, which provide support payments of $300 per hectare up to a maximum of 50 hectares, the cannabis funding is for research and other grants to companies investing in post-harvest production stages such as drying, cleaning, tamping and packaging. These companies must meet quality standards for hemp seeds and seed-based food products.

The funds were allocated following a decree signed by Minister of Agriculture, Food and Forestry Stefano Patuanelli that set criteria for allocating €10 million to “protect and re-launch” supply chains in hemp, beekeeping, fermentation and nuts. The brewing sector received 3.5 million euros, while 3 million euros went to the nut sector and 500,000 euros to beekeeping.

The Conference of Regions and States and the Ministry of Economy and Finance agreed on criteria and developed further guidelines for funding under the programme.

“Not just playful”

“Our commitment continues because we firmly believe in this farming, which has thousands of industrial, pharmaceutical, construction and food uses, and is not just fun games as some would like to belittle it,” Labat said.

The department said the funding will support research into the development of new cannabinoids, THC control, mechanization and primary processing.

Source: Industrial Kanapa

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