China Increases Import of Hemp from United States

As part of phase-one of the U.S.-China trade agreement, which was agreed to and signed last week, China will now be required to import significantly more hemp from the United States.  The crop is one of more than 200 agricultural products that China agreed to import on a larger scale over the next two years.  

While the deal did not specify just how much more hemp China will be importing, the agreement states that the country must spend at least $12.5 billion more than it did in 2017 on agricultural commodities, including the cannabis plant, for calendar year 2020.  The following year, it must spend at least $19.5 billion more.