The US-China “Phase One” Trade Deal: What Does it Mean for American Hemp?
On January 15th, the press reported that President Trump had signed an initial trade deal with China, coming on the heels of an 18-month trade war. While the deal is significant for global markets, it’s also spurred great interest from the U.S. cannabis sector. It stipulates that in 2020 China must purchase $12.5 billion worth of more than 200 U.S. agricultural commodities, and then $19.5 billion more in 2021. The agreement defines this as, “True hemp (cannabis sativa l.) raw or processed but not spun; tow and waste of true hemp (including yarn waste and garnetted stock).” When it comes to U.S. hemp production,…
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Source : CANNANNEW REPORT
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