China is betting big on the global CBD boom
A boom in the popularity of cannabis-derived cannabidiol (CBD) in the US and Europe has started a frenzy of interest in commercial hemp grown in China. CBD is believed to help cure a range of illnesses, even though there is little scientific evidence. But that hasn’t stopped the industry from growing. The global CBD market is expected to hit $16 billion by 2025, according to one estimate. Viola Zhou visited southwestern China’s Yunnan province, where it is legal to grow commercial cannabis, to see how this CBD boom is playing out in China.
China is betting big on the global CBD boom