Industrial hemp market and development analysis

Industrial cannabis refers to cannabis with a THC content of less than 0.3%. In China, industrial cannabis is called cannabis and is an annual herb of the cannabis (cannabis) family, divided into industrial cannabis and narcotic cannabis. , The hemp that is widely used at home and abroad is industrial hemp. Industrial cannabis is an improvement over addictive cannabis and was initially based on drug control needs. Marijuana is listed as the original drug plant and its cultivation is prohibited due to its high levels of hallucinogens and the addictive tetrahydrocannabinol (THC) component of the drug.

Foreign addictive marijuana has a THC content of around 20%, and marijuana traditionally grown in China has a THC content of almost 0.3% to 5%. Industrial cannabis is a cannabis strain that uses breeding technology to reduce the THC content of cannabis to internationally recognized safety standards (less than 0.3%).

U.S. medical marijuana market
Industrial hemp market

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Is industrial cannabis a narcotic?
Cannabis is addictive. Many countries believe that cannabis is a drug and cannot be grown, but industrial cannabis can be grown. Cannabis has a component called THC, which is a hallucinogen and an addictive component. Less than 0.3% is used for industrial cannabis, more than 0.5% is used for narcotic cannabis, and 0.3-0.5% is used as medicine. use. Furthermore, industrial cannabis-rich cannabidiol (CBD) is not included in the drug cannabis, which has antispasmodic, anxiolytic and anti-inflammatory pharmacological effects.

Global development analysis
Section 1 Distribution and cultivation areas of the main industrial cannabis producing areas of the world

China is the largest producer and exporter of industrial cannabis, providing almost a third of the world’s industrial cannabis production. Other important production areas are concentrated in Canada, India, Romania (the largest production area in Europe) and Russia. The main products of industrial cannabis cultivation are textiles, seeds, and flowers, which can be widely used in products such as textiles, food, industrial accessories, personal care products, and CBD-extracted hemp oil.

Section 2 Analysis of the development of foreign industrial cannabis

  1. The process of legalizing industrial cannabis in the main countries

Depending on its purpose and function, countries around the world primarily classify cannabis law into medical and entertainment categories, and there are corresponding regulations for the industrial cultivation of cannabis. When it comes to recreational and medical marijuana, Canada is legal after passing the “Cannabis Control Act”, but China, Japan, etc. are considered illegal. Some countries have both legal and illegal marijuana, and there is a response to legalize the cultivation of industrial cannabis. Decree. Currently, 55 countries legalize medical marijuana and 11 countries legalize recreational marijuana. Among them, Uruguay and Canada have fully legalized cannabis and 31 countries have legalized the cultivation of industrial cannabis.

  1. World production of cannabis seeds

Downstream markets have further spurred enthusiasm for production as more and more countries have started to allow cannabis cultivation.

  1. World production of hemp fiber (excluding China)

According to data, global hemp fiber production exceeded 56,000 tonnes in 2019, and the expansion of the global hemp fiber market has helped increase global hemp fiber production.

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  1. Analysis of the global value of the CBD industry

Industrial cannabis seeds, fibers, and flowers have economic value and can be used in textiles, building materials, food and beverage, personal care, and more. According to market research data, the global industrial cannabis market in 2019 will be approximately US $ 4.56 billion.

The English version of cannabidiol is CBD, a cannabinoid that can be extracted from plants such as industrial cannabis. According to data research, the global CBD market in 2019 will be $ 1.982 billion, and the use of CBD in medical applications will continue to drive market growth.

The industrial cannabis industry has developed over many years. Advances in scientific research, continual liberalization of policies, and improvement of product types are important drivers for the development of the industry.

Learn More: US Medical Marijuana Market Presents $ 33 Billion Opportunity for GCAC

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