News Categories
Hemp Industry Scrambling to Meet New Korean Demand
Regulatory hurdles seen hindering expansion of acres.
An explosion in demand for Canadian hemp out of South Korea is welcome news for the industry, but strict regulations may hamper just how much of that demand will be met this year.
“The doors have blown off the market in Korea for hemp,” said Kim Shukla, executive director of the Canadian Hemp Trade Alliance at Steinbach, Man.
Six months ago, South Korea was unknown as a market for Canadian hemp; now, “that market requirement is outstripping the requirements for the U.S.,” said Shukla. A promotion on a home shopping channel in South Korea led to sales of 40,000 pounds of hempseed in one hour, according to reports.
Before South Korea materialized with an appetite for Canadian hemp, Canada had been sitting on ample old-crop supplies and contracted acres were down “as this was going to be a clean-up year,” said Shukla.
“Now,...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel is the leading source for cannabis news from around the world. Get the latest updates on cannabis legalization, politics and technology, as well as developments in medical and recreational marijuana news. Our commitment is to bring you the most important cannabis news stories every day of the week.
At 420 Intel we understand that effective marijuana industry news coverage is a constant endeavor. Every day stories develop regarding cannabis legalization, technological developments, and the medicinal benefits of marijuana use. Each new development carries the potential to impact the marijuana industry regionally, nationally, and internationally. 420 Intel is the marijuana industry news outlet that will keep you up to date on these developments and how they impact the world around you.
With the marijuana industry constantly evolving, you need a cannabis news outlet to keep you abreast of the pertinent information. At 420 Intel, we cover marijuana legalization news throughout the world, offer reliable information for cannabis business owners, detail technological advances that impact the marijuana industry, cover marijuana rallies from across the globe, and everything in between.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.