Shineco, a biotech company whose market capitalisation on New York's Nasdaq exchange
has nearly doubled to $25m since it unveiled a hemp subsidiary last month, plans China's largest industrial-cannabis project in frosty Heilongjiang.
That north-eastern province became the second to legalise hemp-growing in 2017,
issuing a three-year plan to become the biggest cannabis base in the world by 2020.
In its inaugural year, Heilongjiang harvested 30,000 hectares (74,000 acres) of hemp—
nearly one-third the size of European and Canadian fields combined. Neighbouring Jilin province, too, will soon earn a licence.
是欧洲和加拿大大麻种植田地总和的近三分之一 。临省吉林很快也将获得执照 。
Chinese growers are already setting their sights farther afield.
In December America legalised industrial hemp nationwide for the first time since the second world war.
Hanma ships more than half its domestic output there.
Tan Xin, chairman of Hanma, says he will begin to grow and process hemp in Nevada later this year.
American hemp has higher CBD levels than China permits.
On March 27th the anti-drugs squad declared that China had never approved industrial cannabis as a medical or food additive;
the hemp index briefly drooped. Mr Tan expects China's government to tighten monitoring,
while gradually allowing wider application of the plant's by-products.
Factories in China are also closely monitored with cctv cameras and workers are subjected to daily urine tests.
But Hanma has teamed up with the PLA to develop a CBD-based drug to treat post-traumatic stress.
That will be the next chapter in the plant's long history in China.
During the long years of the hemp ban Yunnan's ethnic minorities continued in secret to harvest leaves, stalks and seeds.
Today they can earn farmers 50,000 yuan ($7,400) per hectare, at least twice as much as corn.
1.market capitalisation 市场总值
Apple is the biggest company, by market capitalization, in the world.
WM Financial Services is a subsidiary of Washington Mutual.
Divorce was legalized in 1981.
Officials had not been allowed to monitor the voting.