The Taskforce engages directly with industry stakeholders, participants and research organisations to gain a thorough understanding of the industry and how Victoria can maximise its economic potential. Terms of reference
PURPOSE OF THE TASKFORCE
To oversee a targeted investigation into the Victorian industrial (non-therapeutic) hemp industry, engaging directly with the industry, relevant research organisations and other key stakeholders to gain a better understanding of the growth prospects and challenges for the developing industry.
The Taskforce will focus on new opportunities for the industry in Victoria and whether there are regulatory barriers to growth. The Taskforce will look at the job creating benefits of the industry and potential economic value to the state, especially in regional areas.
Demand for hemp as a food product has grown rapidly in Australia since being permitted under the Australia New Zealand Food Standards Code in 2017. Hemp has a variety of potential applications across a diverse range of products including textiles, bio composites, paper, automotive, construction, biofuel, functional food, oil, cosmetics and personal care that will be examined.