Oireachtas Joint and Select Committees

Wednesday, 27 April 2022

Joint Oireachtas Committee on Agriculture, Food and the Marine

Hemp Industry: Discussion

Mr. Michael Moloney:

My colleague, Mr. Mac Aodháin, might address some of those questions. We did not set a bar; we asked for the evidence to be provided to us to show the scalability. In other words, we asked the representative bodies to show us what they felt the industry's prospects were and to back up their views. It is fine to say the crop will make €1,000 per acre or hectare but the statement has to be backed up by sound data. It was a matter of determining the margin at the processing end and whether the crop is viable. Everyone will have to make money out of it for it to be viable. We did not set any bar. The bar was basically for the representative bodies to give us the information and back it up with the facts and figures.

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