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Home Asia China

Is China Secretly A Global Cannabis Superpower?

Should Canada be worried over the potential competition?

Fresh Toast by Fresh Toast
September 5, 2018
in China
AgraFlora Organics Awarded YuShop Global Listing; To Fulfill Chinese Pre-Orders with Premium Hemp-Derived Cosmetics SKUs Via One of Chinaโ€™s Premier Cross-Border Lifestyle/E-Commerce Platform

Photo Credit - David Yu via Pexels

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While many onlookers will be curious watching Canada establish itself as a preeminent player in the cannabis industry, one country thatโ€™s just as large and already a global cannabis leader is China. For anyone familiar with international drug laws this might be confusing. Why? Because cannabis is illegal in China.

A large reason for Chinaโ€™s global cannabis dominance is industrial hemp cultivation, as theย South China Morning Postย recently laid out.

“Thanks to government support and a long tradition, China has quietly become a superpower in the plantโ€™s production and research.”

Since the 2000s, the government has been interested in hemp cannabisโ€™s abilities for military and herbal remedies usage.

At the same time, China owns more than half of the 600 global patents on cannabis,ย according to the World Intellectual Property Organisation. In addition, China produces around half of the โ€œworldโ€™s legal commercial croplandโ€ for hemp cannabis cultivation, according the National Bureau of Statistics. While you could easily tune this information out as neat trivia, industry leaders in the West donโ€™t look at it this way.

โ€œBecause cannabis in Western medicine is becoming accepted, the predominance of Chinese patents suggests that pharmaceutical sciences are evolving quickly in China, outpacing Western capabilities,โ€ said Dr. Luc Duchesne, an Ottawa-based businessman and biochemist.

โ€œ[Chinese traditional medicine] is poised to take advantage of a growing trend. The writing is on the wall: westernised Chinese traditional medicine is coming to a dispensary near you.โ€

Earlier this year, Canada solidified itself asย the largest medical cannabis producerย in the world. Countries like Austria and Germany receive medical cannabis from Canada. In fact, Canada produces so much cannabis thatย China has complainedย that Canadian product has found its way onto the black market in China. All this sets up a potential trade war between Canada and China down the road as international cannabis exporters. For now, both countries seem content with their corner of the market, though.

The Fresh Toast

This article was originally published onย The Fresh Toast.

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Fresh Toast

The Fresh Toast is a lifestyle and entertainment platform featuring dynamic and robust coverage of cannabis, culture, comedy and more. For more, check out thefreshtoast.com.

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