China cashes in on US cannabis boom (legal, drug, Christmas)
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China has made your iPhone, your Nikes and, chances are, the lights on your Christmas tree. Now, it wants to grow your cannabis.
Two of China’s 34 regions are quietly leading a boom in cultivating cannabis to produce cannabidiol, or CBD, the nonintoxicating compound that has become a consumer health and beauty craze in the United States and beyond.
They are doing so even though cannabidiol has not been authorized for consumption in China, a country with some of the strictest drug-enforcement policies in the world.
Assuming USDA allows foreign grown plant material for import.
apparently they do. probably CBD oil as well.
Quote:
The U.S. imports about $800 million worth of hemp to be used for its fiber, seed and oil. Among the biggest foreign growers are Canada and China, according to the California Hemp Association.
What cannabis boom? When states started making it legal, prices probably fell like stones. If China wants to start shipping it here, go ahead, knock yourselves out. But don't bother bringing your wallet. You probably won't get much for your efforts.
What cannabis boom? When states started making it legal, prices probably fell like stones. If China wants to start shipping it here, go ahead, knock yourselves out. But don't bother bringing your wallet. You probably won't get much for your efforts.
they've already started.
Quote:
Hanma’s ambitions are global. It has acquired an extraction plant in Las Vegas, which is expected to begin production soon, and it plans one in Canada. Tan, the chairman, said he hoped that China, with the world’s largest market, would follow the lead of the United States, which he called “the best-educated” market for the benefits of cannabis.
What cannabis boom? When states started making it legal, prices probably fell like stones. If China wants to start shipping it here, go ahead, knock yourselves out. But don't bother bringing your wallet. You probably won't get much for your efforts.
actually prices have pretty much doubled everywhere because of taxes
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