Can cannabis keep the US agriculture sector afloat amid the trade war?

America’s ongoing commerce struggle with China isn’t impacting the U.S. hashish business.

With the U.S.-China commerce struggle heating up, it appears as if nearly each producer has been affected. Nevertheless, one business that has escaped the impression of escalating tariffs is hashish farming. As sectors like tech and farming face the ramifications of the 2 governments’ ongoing commerce tensions, cannabis growers stay assured about their financial prospects.

“Cannabis is made in America, so I don’t have to worry about anything impacting my business when it comes to these tariffs,” Brady Cobb, CEO of hashish funding firm SOL International, informed Observer. With President Donald Trump’s newest tariff hike on Chinese language items, introduced final week, the White Home was accused by the Nationwide Farmers Union of wounding U.S. agriculture. Nevertheless, cannabis farmers don't have to fret in regards to the insurance policies concerning the export of their items, since hashish possession is presently punishable by loss of life in China.


Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber