China

Wed
30
Oct

Future low-cost cannabis cultivation leader will be China

China will emerge as the cannabis cultivating super power producing flower for as little a 10 cents a gram, a leading producer believes.

Speaking at the Cannabis Investor Forum in the City of London Oliver Zugel, Executive Chairman and co-founder of Colombian producer Foliumed, elaborated on how he sees the cultivation industry developing in China.

“Hemp outdoor cultivation in the U.K. is a short-lived business with just one crop a year, in Colombia we can get up to five harvests a year but the Chinese will be beating us on price within a few years.

Tue
08
Oct

Amid regulatory uncertainty and global demand, China’s hemp industry is booming

China has a zero tolerance approach to marijuana (along with numerous other drugs), yet surprisingly it is the world’s largest producer of hemp, and also the world’s largest exporter of this increasingly lucrative plant. While chances of medical marijuana being legalized in China are seemingly next to none, calls for a clear policy when it comes to industrial hemp and CBD products are increasing — as is the plant’s production in the country.

Tue
01
Oct

Cannabis seizures hit new high in Hong Kong

The amount of marijuana seized by Hong Kong customs has surged threefold this year amid the growing use of parcel delivery by drug dealers hoping to evade arrest.

As most of the drugs were smuggled from the United States and Canada, the Customs and Excise Department stepped up cooperation and intelligence exchange with its counterparts in North America to stop the long-distance trafficking, the South China Morning Post has been told.

A total of 227 kilogrammes of marijuana, with an estimated street value of HK$40 million (156 million baht), was confiscated in 103 cases in the first eight months of 2019, according to the department's latest figures.

Mon
30
Sep

How China is gearing up to fuel America’s CBD craze

On a remote mountainside overlooking a misty valley, rows of cannabis plants are growing near fields of tobacco and corn.

This isn’t a pot farm in California. It’s in southwestern China’s Yunnan.

Wed
25
Sep

China preparing to impose controls on vaping e-cigarettes

China plans to join governments that are imposing controls on tobacco liquid and additives for e-cigarettes amid rising concern about deaths and illnesses blamed on vaping, a state news agency said Tuesday.

Rules due out as early as next month also will cover e-cigarette devices and packaging, the China News Service said, citing unidentified sources at the State Tobacco Monopoly. The monopoly didn’t immediately respond to requests by phone for more details.

India banned sales of e-cigarettes this month and regulators in the United States and other countries are imposing controls following a surge in deaths and illnesses blamed on vaping.

Fri
13
Sep

Marijuana in China: Why the World’s second-largest hemp producer can’t stand cannabis

Growing up part of the Chinese-Canadian community, the prevailing attitude my seniors had towards cannabis was always the same – it’s addictive, and it will ruin your life.

And now that we’re in a post-legalization Canada, Chinese-Canadians are still hesitant to challenge this perspective.

The Canadians who emigrated here from China grew up under a government with a vocal anti-cannabis stance, often condemning it as a dangerous influence from foreign cultures.

Fri
23
Aug

Who was history's first pot smoker?

Thousands of years before the first American stoners hotboxed their mom’s car, Chinese mourners were gathering around a pile of smouldering cannabis, breathing in its psychoactive smoke.

While people living in the area around eastern China have been growing cannabis for its oil for millennia, new research published in Science Advances reveals that residents of western China were consuming, and possibly growing it, as a drug as early as 2,500 years ago.

Mon
19
Aug

Could marijuana stocks be hurt by the US - China Trade War?

The writing would appear to be on the wall: A recession may be coming.

Earlier this week, researchers at Goldman Sachs lowered their forecasts for fourth-quarter U.S. GDP growth by 20 basis points to 1.8%, while economists at Bank of America/Merrill Lynch announced the odds of a recession hitting the U.S. economy within the next 12 months at 1-in-3. Though all Wall Street firms have certain metrics they eye to offer clues on the health of the U.S. economy and the path the stock market may take, there's clear worry that the U.S.-China trade war is bad news for both economies. 

Mon
05
Aug

8 ancient cultures that loved smoking weed

While people’s opinion on marijuana today is divided between people who think it’s totally cool to use and others who think you’ll become a dangerous killer if you use it, that wasn’t really the case in the past, writes Jason Misulonas. For thousands upon thousands of years, ancient cultures used cannabis as a medicine, a building material and even just to get rid of the blues.

Here are eight ancient cultures that enjoyed using cannabis:

Thu
25
Jul

Trump's Trade War with China could be affecting cannabis space

For more than a year, President Trump has been waging an intense trade war with China, culminating in both sides increasing their tariffs on imported goods. With 25 percent tariffs levied on $200 billion of Chinese goods, Trump is “still threatening to slap duties on another $325 billion of goods,” reported CNBC. The fallout has been considerable. According to the business news outlet, more than 50 U.S. companies are reportedly pulling their production operations from China.

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