Cannabis industrialization wind caution of unqualified consulting firms in South Korea

Published 2022년 4월 6일

Tridge summary

The Japanese government is promoting the industrialization of cannabis for medical purposes, with the Ministry of Agriculture, Food and Rural Affairs establishing a safety management system for the production of industrial hemp. This comes with plans to establish a large-scale cultivation complex, potentially named 'hemp cluster,' and other special zones for free regulation of cannabis cultivation. However, due to the current legality of cannabis cultivation in the country, only fiber and seed collection are allowed with a specific license, and any cultivation for medical purposes requires additional permissions. This has led to cautions against unauthorized consulting firms and concerns about potential illegal cultivation, with 710 arrests for cannabis-related offenses last year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

As the wind of cannabis industrialization rises, caution is required as unqualified consulting firms are roaming around in some rural areas. Recently, some government ministries and some local governments are taking steps towards the industrialization of cannabis. In particular, the Ministry of Agriculture, Food and Rural Affairs is promoting research services to establish a safety management system for the entire cycle of industrial (medical) hemp production. Based on this, the plan is to review the creation of a large-scale facility cultivation complex for rapid commercialization. An official from the Ministry of Agriculture, Food and Rural Affairs said, “We are considering designating about one place next year as a tentatively named ‘hemp cluster’.” The Ministry of SMEs and Startups previously designated Andong, Gyeongsangbuk-do, as a special zone for free regulation of industrial cannabis in 2020, demonstrating the potential of cannabis industrialization for medical ...
Source: Nongmin

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.