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On August 2, 2024, several ministries and regulatory bodies in the People’s Republic of China (PRC) jointly announced that seven substances including cannabidiol (CBD) are subject to the management controls of precursor chemicals starting from September 1, 2024.
The Canadian hemp sector continues to be driven by the food and nutrition markets, despite the 2018 regulatory changes that legalized recreational cannabis, and opened the potential for new markets for hemp-extracted cannabinoids.
While hemp has been grown in China for centuries, liberalization of production, processing, and use regulations have only come in recent years.
Though the history of hemp production is long, the modern industry dates back only nine years, but in this short time China has become the largest producer of hemp fiber in the world....