Southern Illinois Hemp and Cannabis Symposium 2024: Fostering Academic-Industry Collaboration and Addressing Market Challenges
Event Overview
The Southern Illinois Hemp and Cannabis Symposium is scheduled for September 27, 2024, at Southern Illinois University Carbondale. The event will be held in the McLafferty Annex, beginning with check-in at 8:00 AM, followed by presentations starting promptly at 8:30 AM.
Focusing on Advancing Academic and Industry Collaboration, the symposium aims to bridge the gap between academic research and industry practices in the cannabis field. Industry leaders, academic researchers, and policymakers will gather to discuss and shape the future of the hemp and cannabis industry.
Industry Collaboration and Research
One of the key hosts of the symposium is the SIU Cannabis Science Center. This center is a vital collaborative network that facilitates cannabis research through various working groups across the Southern Illinois University campus. These groups focus on diverse areas, including agricultural practices, analytical methods, biomedical implications, and community projects related to cannabis.
By bringing together experts from different fields, the Cannabis Science Center aims to advance the comprehensive understanding and development of cannabis science, ultimately benefiting both the academic sphere and the commercial sector.
Industry Events and Market Challenges
In addition to the Southern Illinois Hemp and Cannabis Symposium, the industry calendar is busy with other significant events like the Lucky Leaf Expo and Hall of Flowers, which are also set for September 27-28, 2024. These events play a crucial role in fostering networking, knowledge sharing, and business opportunities within the cannabis industry.
However, businesses in Illinois face several market challenges. The federal illegality of cannabis poses capital constraints, making it difficult for new entrants to access necessary funding. Moreover, restrictive regulations further complicate operations. Craft growers and infusers, in particular, are struggling with limited canopy space and the high costs of vital products like cannabis distillate.
Economic and Legislative Aspects
During the symposium, one of the major topics of discussion will be the economic potential of the hemp and cannabis industry. Speakers will highlight growth and development opportunities, focusing on the industry’s capacity to contribute significantly to the economy.
Additionally, legislative discussions will be a central theme, addressing current regulations and exploring potential changes to support industry growth. By examining these issues, the symposium aims to create a more conducive environment for businesses and researchers alike, promoting a thriving hemp and cannabis industry in Illinois and beyond.
