New Trade Deal Compels China to Buy More US Hemp
For years, China has been the primary source of hemp imports into the United States. However, on Wednesday, China entered into a new trade agreement with the U.S. which requires it to buy more of the non-psychoactive marijuana crop from the U.S. Hemp was federally legalized in the U.S. under the 2018 Farm Bill. On Wednesday, China signed an international trade agreement, which requires them to import hemp on a large scale as well as other agricultural products listed in the contract. According to the accord, both parties acknowledge that the agreement would result in trade and economic structural changes…