{"id":45354,"date":"2019-05-06T19:51:25","date_gmt":"2019-05-06T19:51:25","guid":{"rendered":"https:\/\/merryjane.com\/china-is-muscling-its-way-into-the-cbd-market\/"},"modified":"2019-05-06T19:51:25","modified_gmt":"2019-05-06T19:51:25","slug":"china-is-muscling-its-way-into-the-cbd-market","status":"publish","type":"post","link":"https:\/\/merryjane.com\/news\/china-is-muscling-its-way-into-the-cbd-market\/","title":{"rendered":"China Is Muscling Its Way Into the CBD Market"},"content":{"rendered":"

The world\u2019s most populous country is poised to dominate the global CBD market.<\/p>\n

According to a New York Times<\/em> story published on Saturday, two of China\u2019s 34 regions, Heilongjiang and Yunnan, have quietly entered the CBD game. Although the nation currently provides half of the world\u2019s hemp products<\/u><\/a>, cashing in on CBD is relatively new.<\/p>\n

\u201cIt is very good for people\u2019s health,\u201d Tian Wei, a general manager at CBD company Hempsoul, told the New York Times<\/em><\/u><\/a>. \u201cChina may have become aware of this aspect a little bit late, but there will definitely be opportunities in the future.\u201d<\/p>\n

Hemp, the kind of weed that doesn\u2019t cause psychoactive intoxication, has always been legal in China. Besides producing half of the world\u2019s cannabis, China also owns half of the world\u2019s cannabis patents<\/u><\/a> \u2014 over 300 in all \u2014 mostly for inventions that extract, process, or manufacture CBD.<\/p>\n

Currently, only four Chinese companies hold special licenses to grow and process hemp for CBD. Over 36,000 hectares have been approved for hemp cultivation, and the revenue looks promising: farmers can expect $300 per acre, the New York Times<\/em><\/u><\/a> reports. That\u2019s more than farmers could earn from other crops that can be turned into textiles or nutritional supplements, like rapeseed or flax. <\/p>\n

With estimates predicting the global CBD market will reach $22 billion<\/u><\/a> by 2025, demand for China\u2019s hemp should grow, as well. China already controls a substantive chunk of the world\u2019s cannabis market, too. America\u2019s glassware, vaporizer parts, and even hemp clothing and paper primarily originate from Chinese manufacturers.<\/p>\n

\u201cYou can\u2019t make hemp clothing in the U.S. because the country no longer has sufficient expertise in textile production,\u201d Bryan DeHaven, owner of the cannabis clothing brand Chiefton Supply Co., told Civilized<\/em><\/u><\/a> <\/em>last year.<\/p>\n

Meanwhile, marijuana with THC has been outlawed in China<\/u><\/a> since the ’40s. The nation has some of the harshest anti-weed laws<\/u><\/a> on the books, with penalties for mere possession resulting in a life \u2014 or death \u2014 sentence.<\/p>\n

In 2015, international superstar Jackie Chan begged Beijing officials<\/u><\/a> to go easy on his son, Jaycee Chan, who faced a life sentence for simply keeping 3.5 ounces of green in his apartment. Beijing eventually showed mercy and released Jaycee after he served six months in prison.<\/p>\n

Last year, an American college student, Matthew Fellows, almost received the death penalty<\/u><\/a> in China for allegedly sharing a joint with another student at a Chinese university. He was released and returned to the States after a grueling eight-month prison sentence.<\/p>\n

Will Beijing eventually lighten up on its zero-tolerance marijuana laws now that it\u2019s banking on the West\u2019s (and, possibly, the East\u2019s<\/u><\/a>) legal weed? Maybe not in our lifetimes, but here\u2019s to the Middle Kingdom, someday, taking the high-road.<\/p>\n

Follow Randy Robinson on <\/em>Twitter<\/em><\/u><\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

While marijuana remains illegal in China, hemp has been a massive business there for nearly a century. Now, the country is about to start producing CBD.<\/p>\n","protected":false},"author":2,"featured_media":45355,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3036],"tags":[],"acf":[],"yoast_head":"\nChina Is Muscling Its Way Into the CBD Market - Merry Jane<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/merryjane.com\/news\/china-is-muscling-its-way-into-the-cbd-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China Is Muscling Its Way Into the CBD Market - Merry Jane\" \/>\n<meta property=\"og:description\" content=\"While marijuana remains illegal in China, hemp has been a massive business there for nearly a century. 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