Hemp applications as a profitable alternative to the economic reactivation of Ecuador after the Covid-19 pandemic.
DOI:
https://doi.org/10.47187/perf.v1i25.112Keywords:
Hemp Imports, Hemp Exports, Hemp products, Covid 19Abstract
This study shows an analysis of the use of hemp as a potential alternative for the economic revival of Ecuador after the crisis experienced during and after the Covid-19 pandemic. To this end, three main points were studied: the economic approach, which shows the current situation of the Ecuadorian economy and the luxury of money generated by hemp worldwide, i.e. the main importers and exporters; the legal approach, which sets out the changes in Ecuadorian laws with respect to hemp and some of the benefits that these entail and finally, the agricultural and industrial approach where the productive potential of hemp and hemp-derived products is highlighted. It can be generally concluded that hemp utilization is supported by the current COIP reforms will allow the creation of numerous jobs in different sectors such as agriculture, commercial and industrial. At the same time, it is planned to increase the level of exports and promote domestic trade; is the purchase and sale of raw materials or products derived from hemp.
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