By San José, Costa Rica — Costa Rica has taken a significant step toward becoming a key player in the global hemp market with the launch of the Hemp Wave project by MASVERDE. This ambitious initiative, aimed at industrial hemp production, represents a comprehensive effort to connect local farmers with international processors operating within the country’s free trade zones. By leveraging Costa Rica’s ideal climate and geographical conditions, the project aims to achieve up to three annual harvests, significantly boosting production potential and profitability for local farmers.
The Hemp Wave project has garnered substantial support through key collaborations with U.S.-based Davis Hemp Farms and the University of Costa Rica. These partnerships are focused on the tropical adaptation of hemp genetics, ensuring that the plant thrives in Costa Rica’s unique climate. By combining advanced research capabilities with local expertise, the project seeks to tailor hemp varieties that are optimal for growth under tropical conditions, thereby enhancing both yield and quality.
With the right resources and partnerships, hemp in Costa Rica is poised to not only grow but dominate in hemp production
Roy Thompson, a partner at MASVERDE
The global industrial hemp market is poised for remarkable growth, projected to expand from its current valuation of $6 billion to an estimated $21 billion over the next decade. This expansion is driven by a growing demand for sustainable alternatives in industries such as textiles, construction, and nutritional products. MASVERDE’s pioneering project positions Costa Rica to capture a significant portion of this burgeoning market, which could provide transformative opportunities for local economies. The versatility of hemp in Costa Rica, which can be used in products ranging from biodegradable plastics to high-quality construction materials, underscores its potential as a cornerstone of sustainable economic development in the country.
A key component of the Hemp Wave project involves establishing strategic processing facilities across different regions of Costa Rica, specifically in Guanacaste, Cartago, and the Southern Zone. These facilities will play a crucial role in creating a seamless integration of the hemp in Costa Rica production ecosystem, providing the necessary infrastructure to process raw hemp into high-value products for both domestic use and export. By setting up these strategically located processing hubs, MASVERDE aims to maximize efficiency, reduce logistical costs, and ensure that the hemp supply chain remains resilient and well-coordinated. This approach will enable Costa Rica to build a solid reputation as a leader in the Latin American hemp industry, fostering international partnerships and attracting further investment. Hemp in Costa Rica is set to become a significant contributor to the national economy through these developments.
At Masverde, we are committed to turning this project into an international benchmark, attracting foreign investment and consolidating Costa Rica as a key destination for hemp production in Latin America
Roy Thompson, a partner at MASVERDE
In addition to the economic benefits, the Hemp Wave project also aligns closely with Costa Rica’s commitment to sustainability and environmental protection. Hemp in Costa Rica is known for its positive environmental impacts, such as soil remediation, carbon sequestration, and reduced water usage compared to other traditional crops. By focusing on the sustainable cultivation of hemp, MASVERDE aims to contribute to the country’s green economy goals, helping to mitigate the effects of climate change while providing local communities with new economic opportunities.
Furthermore, the collaboration with the University of Costa Rica extends beyond genetics adaptation; it also includes educational initiatives aimed at training local farmers and agricultural workers. These educational programs are designed to provide the technical skills and knowledge necessary for cultivating hemp in Costa Rica efficiently and sustainably. By investing in education and capacity building, the project aims to empower local communities, ensuring that they are well-prepared to take advantage of the opportunities presented by the growing hemp in Costa Rica industry. This grassroots approach not only promotes economic development but also strengthens community resilience, fostering long-term social benefits.
For further information, visit masverde.co
About MASVERDE:
MASVERDE is an industry leader focused on the sustainable production and industrialization of hemp. By working closely with local producers and global partners, the company aims to develop a thriving hemp ecosystem in Costa Rica that benefits both the environment and the economy.
