The liberalization of hemp regulations in China today is reminiscent of early cannabis legalization in North America in 2013. While THC remains strictly prohibited in China, the recent rapid growth of the worldwide CBD market has prompted the Chinese government to develop the legal framework necessary to enable the domestic production, and some forms of consumption, of non-psychoactive cannabinoids.
Drawing parallels from Western markets, Heming Xu joined a panel of industry experts to examine the expected acceleration in the development of the Chinese CBD industry - from hemp cultivation all the way to CBD consumption - in the coming years. The structural advantages that have made China the world's manufacturing center extend to CBD production, and China's consumption capacity, with 1.4 billion increasingly affluent consumers, matching and even surpassing the US in several categories, leads us to believe that China is the world's largest emerging market for CBD.
Drawing parallels from Western markets, Heming Xu joined a panel of industry experts to examine the expected acceleration in the development of the Chinese CBD industry - from hemp cultivation all the way to CBD consumption - in the coming years. The structural advantages that have made China the world's manufacturing center extend to CBD production, and China's consumption capacity, with 1.4 billion increasingly affluent consumers, matching and even surpassing the US in several categories, leads us to believe that China is the world's largest emerging market for CBD.
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