On September 14, 2020, the unveiling ceremony of Kunming International Industrial Hemp Industrial Park was held in Kunming pilot Free Trade Zone, Yunnan Province, China.
At the same time, Kunming Municipal People’s government officially issued three policy documents supporting the development of the industry.
More than 50 enterprises over the country participated in the unveiling ceremony. The total investment of the 21 projects was 1.165 billion yuan(about 171 Million dollar). 25 enterprises including Yunnan Baiyao and Kunming Pharmaceutical group exhibited nearly 100 kinds of hemp products, such as seeds, facial mask, essence, toothpaste, soy sauce, linseed oil and cat litter.
A number of enterprises participating in the activity said that the Kunming municipal government took the lead in introducing a series of policies and measures to support the development of industrial hemp industry in China, providing full coverage support to all links of the industrial hemp industry, which improves the confidence and determination of enterprises in investment and development. It also injects strong impetus into the high-quality development of industrial hemp industry in Kunming.
Kunming municipal government will give full play to the policy advantages of the pilot Free Trade Zone, and strive to build Kunming into the first industrial hemp industrial highland in China and even the world.