Hemp is a powerhouse of sustainable solutions with a track record of success globally. The Hemp Business Journal calculated United States (US) sales of hemp products in 2015 to be 25% greater than their 2014 total of $400 million (the Hemp Industry Association [HIA] estimated US hemp product sales in 2014 at $620 million). Thirty-six countries throughout Asia, Europe, South America, Africa and North America permit hemp production. Insidermonkey experts made a list of 7 biggest hemp producing countries in the world.
Unlike the United States and many other countries in the 20th Century, China never banned the production of hemp despite strictly prohibiting the intoxicating variety of cannabis sativa, commonly known as marijuana. Hemp has been part of Chinese culture for thousands of years, and as a result, they have discovered its countless uses and benefits, securing over half of the 606 hemp patents recorded by the UN’s World Intellectual Property Organization in 2014. It is not surprising that the world’s most populous country and second largest economy is also the largest producer of hemp in the world, accounting for half of global production. You can also check our list of 12 health benefits of medical marijuana according to publicly traded weed companies.
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