On October 26th, the inauguration ceremony of Yunnan Industrial Hemp Industry Association was held in Kunming. The industry association was initiated by Yunnan Industrial Hemp Industry Investment Co., Ltd, a subsidiary of Yunnan Industrial Investment Holding Group, and was jointly established by 12 enterprises, with 47 members.

At present, Yunnan Province has obtained more than 90 industrial hemp cultivation licenses, with a planting area of 15,000 acres, 15 CBD extraction and processing licenses, and more than 60 pre-approved enterprises, with a CBD extraction and processing capacity of more than 50 tons per year, making it the main producer accounting for more than 50% of the international market share. (Source: Sohu)

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