Categories: aggregated

Which Asian Countries Will Benefit the Most from the CBD Boom?

China has been growing industrial hemp for thousands of years, though it was banned during the years 1985 to 2010. Today, they are the biggest hemp producer in the entire world, responsible for producing half of the globe’s supply.
Reports state that hemp fiber sales in China resulted in $1.2 billion in 2018 alone, while other sources state that China makes up 11% of the global CBD market’s $800 million, running third after Europe and the United States. The irony is that their rules are stricter than the United States; in fact, they have only started to allow hemp as an ingredient in cosmetics.

Jason

Share
Published by
Jason

Recent Posts

Missouri’s Cannabis Market Grew Up Fast

The industry’s attention still gravitates toward the legacy states. But through operators like SWADE Cannabis…

7 hours ago

Metro Boomin Is Headlining Puffcon. The Hundred Glass Artists Under Him Are the Real Story.

Metro Boomin and Action Bronson are headlining Puffcon in October, and that alone is worth…

7 hours ago

‘It Feels Like 2016 Again’: A Week in Germany Reminded the Weed Industry (and Berner) How to Have Fun

Mary Jane Berlin brought tens of thousands of people into one building and reminded them…

7 hours ago

The Return of Ali G: Crashed Wimbledon as ‘Official Ganja Dealer’, Almost Got Arrested

Sacha Baron Cohen has reportedly been filming a new Ali G movie in secret. Could…

7 hours ago

Meet River Botanicals, the new, expanded Canna River

Big news for wellness enthusiasts: Canna River, the family-run brand that’s spent years earning trust…

7 hours ago

The Rescheduling Circus- Notes from the Cannabis Rescheduling Hearing You Might Have Missed

Let's start with the headline nobody in Washington wants to print: marijuana is still illegal.…

7 hours ago