With the cannabis sector picking up, and seeing always more money, there was no doubt that China would move in to the niche as well.
Of course, China - despite draconian local drugs regulations - is not a newcomer in the sector and has long been one of the major producers and exporters of hemp, providing around one third of the world’s supply.
Photo via Unsplash
According to CTech a Chinese delegation of researchers and businessmen is to meet with Israeli researchers and startups in the Cannabis Sector. Israel itself one of the leading nations, and with a pending regulation on export approval.
Being the thriving startup hub Israel has become, there is little doubt that with the new regulations for pharma-use the country will see much more investment and also collaborations with other investing nations beyond Canada.
While China is unlikely to loosen up its own national laws, the country could obviously play a huge role in the future of the cannabis, particularly cannabidiols, market and that not only due to its own large scale of hemp production.
Leading hemp grower and biotech company CannAcubed, based in Industrial Cannabis Eco-Park Xinshuangbanna (Yunnan), recently started producing CBD product for export to Europe. Despite China’s expressed interest in research in the field, CannAcubed’s headquarters are in Singapore. That because Singapore seems to be a better location to raise funds according to CannAcubed’s CEO, Glenn Davies. Of course, Singapore’s biotech sector is also a factor in this.
“Firstly, raising capital for a cannabis company, headquartered in Singapore and [with] operations in China comes with its challenges. We chose Singapore as we believe the country represents a world-class platform to build our business on”
“Singapore is a world leader in the biotech field and we hope to be a part of that.”
— Glenn Davies, CEO CannAcubed to AsiaTimes
With an explicit expansion desire, lots of money and a hunger to be a leading nation in every field, it will be interesting to discover how hungry China truly is and whether it will allow its economic prowess and ambition to supersede local laws in order to grab pieces of every possible large and innovative market.
Could Cannabis based investments become a part of China’s Belt and Road [related] investments as well?
One thing is obvious: there’s no stopping China anymore and whoever wants to grow economically will have to find ways to co-operate with China and Chinese money in the next decades.
China is here to stay and the international Cannabis sector will soon become one of many to benefit Chinese investments. One more.