Cannabis was domesticated in what’s now NW China around 12,000 years ago, according to an analysis of the genomes of 110 plants from around the world.
China is very sensitive to anything associated with drugs due to its history, keeping marijuana illegal with conviction for drug trafficking punishable by death.
China even banned the use of cannabidiol (CBD) in all cosmetics last March. The exportation of CBD products, however, is not strictly controlled in China and mainly depends on the rules of the destination country.
CBD cosmetics retailers and manufacturers will now have to remove their products from e-commerce platforms and all retail channels across the country.
However, the ban in China will only cause a small dent in the massive Chinese cosmetics industry, whose sales hit 340 billion yuan (US$53 billion) last year and is on track to be the biggest in the world.
Show Notes:
How China Quietly Became a Legal Hemp Powerhouse
https://hightimes.com/news/how-china-quietly-became-a-legal-hemp-powerhouse/
CBD Boom Spreads to Hong Kong as China Resists: Cannabis Weekly
https://www.bloomberg.com/news/articles/2021-04-05/cbd-boom-spreads-to-hong-kong-as-china-resists-cannabis-weekly
Chinese Workers Turn to US Marijuana Industry as Service Jobs Dry Up
https://www.voanews.com/a/usa_chinese-workers-turn-us-marijuana-industry-service-jobs-dry/6201064.html
Host:
Josh Kincaid, Capital Markets Analyst & host of your cannabis business podcast.
https://www.linkedin.com/in/joshkincaid/
Episode 888 The #TalkingHedge…
Your Cannabis Business Podcast.
Covering cannabis products, reviews, business news, interviews, investments, events, and more.
https://www.theTalkingHedgepodcast.com
Music Info:
Song: Dark Trap Beats Hard Rap Instrumental | Gang | 2018Artist: LuxrayBeats
Keywords:
Hemp News, Weed News, Cannabis News, Marijuana News, Cannabis Business, Marijuana Business, Cannabis Industry News, Marijuana Industry News, Weed News 420, Talking Hedge Podcast, Cannabis Podcast, Marijuana Podcast, Business Podcast, CBD podcast, THC podcast, Cannabis Pitch Deck, Marijuana Pitch Deck, Marijuana Investment Deck, Cannabis Investment Deck, Cannabis Compliance, Cannabis Data, Cannabis Banking, Cannabis Investment, Pot Stocks, Cannabis Stocks, Weed Stocks, Marijuana Stocks, Cannabis Data, Marijuana Data, Cannabis Analytics, Marijuana Analytics, Cannabis Sales Data, Marijuana Sales Data
Josh is not an investment adviser. The Talking Hedge is long gold and silver. Listeners should always speak to their personal financial advisers. This is only entertainment.
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