Exactly. China grows roughly 50% of the world’s hemp/cannabis and holds roughly 50% of the patents as well. Any China connected hemp/cannabis company should do quite well. Like this one.
Cannabidiol is one of the fastest growing market categories in the U.S. hemp and legal marijuana industries with a compound annual growth rate of 59%. In 2015, the CBD industry grew from a nearly invisible market a few years ago to $202 million in consumer sales, and it is further expected to grow to $2.1 billion in consumer sales by 2020 with $450 million of those sales coming from hemp based sources.
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