By Ally Dai, Correspondent09.03.19
It’s high time for China’s cannabis industry. At least that’s what the investors in China’s stock market think after they have witnessed nearly all stocks related to cannabis, no matter how remotely, hit record highs since the end of last year.
Legality Behind the Rise, and Fall?
With the “Green Rush” continuously making headlines in China this year, the ripple effects are being felt in the domestic beauty market. There are an increasing number of companies striving to introduce cosmetics featuring cannabis to the market. Their logic is quite straightforward: increasing legislative support from the regional governments, apart from the international buzz surrounding cannabis.
Cannabis actually has a long history in China. Called má (meaning “numbness”) or dàmá (with “big”) in Chinese, cannabis (sativa) has been utilized by ancient Chinese for its fiber and seed crop in applications like rope, clothing, paper, and oil as early as 10,000 years ago, and notably, the applications of its seed in Traditional Chinese Medicine (TCM) as a pain
Legality Behind the Rise, and Fall?
With the “Green Rush” continuously making headlines in China this year, the ripple effects are being felt in the domestic beauty market. There are an increasing number of companies striving to introduce cosmetics featuring cannabis to the market. Their logic is quite straightforward: increasing legislative support from the regional governments, apart from the international buzz surrounding cannabis.
Cannabis actually has a long history in China. Called má (meaning “numbness”) or dàmá (with “big”) in Chinese, cannabis (sativa) has been utilized by ancient Chinese for its fiber and seed crop in applications like rope, clothing, paper, and oil as early as 10,000 years ago, and notably, the applications of its seed in Traditional Chinese Medicine (TCM) as a pain
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