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£2.4 million in lost potential from hemp

Close up of destroying hemp crop

You may have seen our story on the BBC News website yesterday. Its headline shares a figure of our estimated financial loss, just from the retail sales we could have generated from the hemp seed alone, as hemp seed oil and hemp protein powder:

That is a large figure, especially for a small business. But, it pales in comparison to our calculations of the potential revenue we could have generated, were we allowed to harvest the flowers of the plant. The 40 acres lost to us this week could have been transformed into £2.4 million as CBD at retail price, for a not-for-profit farming co-operative. Of this, £480,000 would have been tax for the UK government! 

Instead, the flowers are crushed, along with the hopes of other farmers around the UK of being able to harness the full economic and agronomic benefits of hemp. We’re developing our campaign to save UK CBD, and will keep you updated, to let you know how you can support us in our mission to free hemp for all.

Destroying the hemp crop

10 thoughts on “£2.4 million in lost potential from hemp

  1. […] revised estimate of the retail value of the crop it is destroying is […]

    1. What a complete and utter joke … Government supporting business my arse! Please publish your campaign plan soonest so that we can all support what clearly is a business that supports humanity. Fuck this makes me angry!!!!

  2. Sorry to hear this- sad news guyz!

  3. There is an inconsistency here. I don’t understand why it’s legal to import and distribute medicinal hemp products derived from hemp grown outside the uk but illegal to grow hemp for those same products. This smacks of someone leaning on the Home Office for their own commercial gain. Now I wonder which competitor that could be?

    If the appeal is successful does that mean the Home Office would have to compensate Hempen out of public funds for wantum destruction of their crop?

    1. Here’s the real reason you had your license revoked.

      https://www.thetimes.co.uk/article/drug-minister-victoria-atkinss-husband-oversees-cannabis-farm-hv5q25pqr

      Easy when your wife is a minister for the Home Office. It’s just pillow talk

  4. Please post campaign updates so we add our voice.
    So sorry to hear you falling foul of idiotic policies.

    1. Hi John, thank you for your message. Campaign update to be posted in the next couple of days! Thanks again.

  5. This is very sad. What reason, if any, did the Home Office give? The fact that you can still import shows how ridiculous the situation is. The sooner we legalise and regulate the industry across the board the better. Thumbs up for being a cooperative.

  6. […] has lost out on tax revenues. Gillet and Silk have worked out that the crop would have paid £480,000 in taxes. That’s money that would have gone straight into the tax coffers of the […]

  7. […] has lost out on tax revenues. Gillet and Silk have worked out that the crop would have paid £480,000 in taxes. That’s money that would have gone straight into the tax coffers of the […]

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