Agriculture

Legal cannabis production



Agriculture in the Canary Islands could have an acceleration in the production of legal cannabis that the WHO predicts an increase in demand at European level over the next 3 years by 400%. The tax model, the law on hemp in Spain, much more permissive than other European states and the opening of new consumption markets related to cannabis in the EU, have started to give new perspectives o agricultural entrepreneurs both in the production and marketing of its derivatives. Since 2018, the import of hemp into the Canary Islands has been subsidized by the EU as established by regulation 1673/2000; both raw and processed.

Production of algae for industrial and food use



At the Canary Islands, especially in the Tenerife lagoon, but also in the region of Macaronesia (a modern name used for a group of archipelagos situated in the North Atlantic Ocean, near the African coast, which are part of Portugal, Cape Verde and Spain), there are 52 species of algae with good potential for industrial or commercial purpuses. Among these, 9 species of macro algae are green, 14 brown and 29 red, and they are the ones that could potentially be at better use in sectors such as the pharmaceutical industry, agricolture, the cosmetics industry or the biofuels industry. These species can be found at the Canary Islands, at the Azores, Madeira, Wild Islands and Cape Verde.

Giant Bamboò production

The Canary Islands, thanks to their climate and their taxation, can become a very important location for the cultivation of giant Bamboo. This plant belongs to the Green Economy and is having considerable success worldwide in many sectors ranging from food to construction.