Global Industrial Hemp Ingredients Market Is Expected to globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Germany, along with the rest of the Europe, seems to be opening up to the idea of researching, and accepting, the many benefits of the cannabis plant.
This is significant in view of the fact that only several months ago, hemp vendors were arrested and convicted in Braunschweig for selling hemp tea leaves. The case however was later overturned by Germany’s Federal Court of Justice.
And now the German government is funding a Berlin-based food startup, Becanex GmbH, to the tune of 505,000 euros ($601,720) to create cannabinoid-containing emulsions for industrial food production, reports High Times.
What makes the investment so important, reports High Times, is that the funding entity, the Central Innovation Programme for Small and Medium-Sized Enterprises, is under the German Federal Ministry for Economic Affairs and Energy, which is “about as central to German economic investment in the future as you can get.”