China

Mon
06
May

China cashes in on the cannabis boom

China has made your iPhone, your Nikes and, chances are, the lights on your Christmas tree. Now, it wants to grow your cannabis, writes Steven Lee Myers of New York Times.

Two of China’s 34 regions are quietly leading a boom in cultivating cannabis to produce cannabidiol, or CBD, the nonintoxicating compound that has become a consumer health and beauty craze in the United States and beyond.

They are doing so even though cannabidiol has not been authorized for consumption in China, a country with some of the strictest drug-enforcement policies in the world.

Fri
26
Apr

Hong Kong is blaming spike in cannabis confiscations on Canada

Hong Kong customs officials have confiscated almost as much cannabis in the past few months as they did in the entirety of 2018. And they say it's mostly coming from Canada, writes Calvin Hughes.

In the first quarter of 2019, the Hong Kong Customs and Excise Department says it has seized over 300 pounds of cannabis, which has an estimated street value of HK$30 million (US$3.8 million). That haul is 500 percent more than the 50 pounds of cannabis seized during the same period last year, and almost as much as the nearly 311 pounds confiscated throughout the entirety of 2018.

Thu
25
Apr

Here’s why weed tea is such a hit in these countries

Tea has been around for centuries; so has cannabis-infused tea. It appears the first recorded medical prescription of marijuana, way back in 2737 BC, was actually in the form of cannabis-infused tea.

Fri
12
Apr

U.S. currently 2nd to China in hemp revenues which could approach $6 Billion by 2020

In recent industry reports, China led all countries with nearly $1.2 billion USD in hemp sales in 2018, followed by the United States ($1.0 billion), Europe ($980 million) and South and Central America ($220 million). A recent report from an independent, technology-driven analytics company specializing in the cannabis industry stated that: "… the global hemp industry reached $3.7 billion USD in retail sales in 2018, with an annual growth rate of 15% driven by continued strength in Chinese textiles, European industrials, Canadian foods, and the U.S.

Mon
08
Apr

Mania for China’s hemp-related companies prompts stock regulator to crack down

Chinese cannabis-related stocks have been getting way too high this year for Beijing’s taste, prompting a crackdown to control the investor mania.

Marijuana growth and consumption is illegal in China, but cultivation of hemp is allowed in the southern province of Yunnan and in the northern province of Heilongjiang, which legalised the trade in 2010 and 2017 respectively.

Fri
29
Mar

Cannabis craze comes to China stocks, drawing regulator's ire

Chinese companies linked to cannabis growing tumbled Thursday, as regulators put the squeeze on one of the year’s hottest trades.

Shanghai Shunho New Materials Technology Co. and Jilin Zixin Pharmaceutical Industrial Co. both slid more than 6 per cent after the Shenzhen Stock Exchange told them to warn investors about uncertainties facing their industrial cannabis projects. In written notices, the exchange also asked the companies to submit progress reports on those businesses before April 2. Neither company immediately responded to Bloomberg’s requests for comment.

Thu
17
Jan

What we can learn from the Chinese medical cannabis system

China is more than 5,000 years old with a legendary history of herbal pharmacology. It should be no surprise that Chinese medical marijuana is thriving.

Wed
16
Jan

Canadian citizen sentenced to death in China for alleged role in drug ring

A Canadian citizen has been sentenced to death by a Chinese court for his alleged role in a drug ring that attempted to export methamphetamine to Australia. The Dalian Intermediate People’s Court in China’s northeast province of Liaoning handed down the death sentence against Robert Lloyd Schellenberg of Abbotsford, B.C. in a hastily staged retrial of an earlier conviction on the charges.

Fri
26
Oct

7 Pivotal moments in cannabis history

The history of marijuana goes back nearly 5,000 years, and through most of its history, weed was considered beneficial for both your physical and your mental health. That all changed around the beginning of the 20th century with a concentrated campaign of prohibition and criminalization, writes Deb Powers.

Mon
03
Sep

China is secretly becoming a global cannabis leader

China farms a massive amount of hemp and currently holds more than half of the globe’s cannabis patents.

As Canada prepares for the legalization of cannabis this fall, its poised to become an international leader in the booming industry. But one unlikely competitor may stand in its way: China.

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