CHINA October 2019
 
Canadian-based CBD producer to plant 17,000 acres of hemp in China
 
Toronto-based CBD producer, Pure Global Cannabis has recently signed an agreement to plant 17,000 acres of hemp in the Yunnan province of China.
According to the company spokesperson, the CBD products harvested from this hemp will be exported from China to other Asian markets and countries where CBD products are legal.
This has made Pure Global Cannabis the second company to announce a CBD deal with China following an earlier announcement from New Age Beverages Corp. The Canadian firm has secured an agreement through its wholly-owned subsidiary, PureSinse Inc. with KMT-Hansa Corp., a Chinese hemp production company registered in Anguilla.
Pure Global CEO Malay Panchal said, “We are extremely excited to be the first Canadian LP to partner with a Chinese group seeking to develop a project of this scale in China. This strategic relationship gives us access to KMT's resources and connections in China. They truly share our goal of providing high-quality products that are sustainable to the environment and developed using cutting-edge agricultural methods.”
According to the agreement, KMT-Hansa will grow, extract, process and export CBD products at the 17,000 acre facility. KMT-Hansa was granted a Hemp International Industry Park Special Economic Zone License by Yuanjiang County in Yuxi City, Yunnan Province. The license allows the Anguillian company to grow, cultivate, extract and produce industrial hemp products for export. The licensing process is expected to be completed by November 2019 while operations are being set up.
Pure Global will manage and develop the project by overseeing operations, developing GMP standard and managing the sale and distribution of the CBD products. It will also invest its technology and genetic know-how in the project.
The 2 companies expect to move their finalised CBD products throughout Asia and 50 other international legal markets.
Growing application of Hemp & CBD in Asia
In the latest development, Thailand authorities has recently approved the use of hemp and CBD in herbal products, food and cosmetics in Thailand with effect from 27 August 2019.
The Thai government has also removed cannabis and hemp extracts with THC (tetrahydrocannabinol) content of less than 0.2% from the list of banned narcotics substances.
In countries like India and China, the authorities have also been fine-tuning their labelling and food safety audit requirements for health foods which contain potentially hazardous substances.
CBD manufacturer, Elixinol is optimistic of the market for CBD supplements in the region, which has a history of using medicinal cannabis.
Elixinol views Japan as one of its biggest success market. It entered Japan in 2015 with the establishment of Hemp Foods Japan, which now operates under Elixinol Japan. The firm currently sells hemp extract, hemp oil, CBD roll-on, and even pet treats in Japan.
 
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