Original Title: High-Content Seeds of Industrial Hemp Passed Yunnan Identification, What Do Seed Industry People Think? Yunnan is a magical land with a long history of agricultural cultivation. Flue-cured tobacco and corn are common crops for farmers. Flue-cured tobacco has high economic benefits, but it is difficult to resist natural disasters such as hail. Corn is easy to grow, but its economic benefits are not comparable to flue-cured tobacco. Industrial hemp industry stakeholders said that good cultivation, high economic benefits, industrial hemp seems to be a combination of the two, with their respective comparative advantages. Baidu Encyclopedia: Industrial hemp is a kind of hemp whose tetrahydrocannabinol content is less than 0. 3%. In China, industrial hemp is called hemp, which is an annual herb of Cannabis in Cannabinaceae. It can be divided into industrial hemp and drug hemp. The hemp widely used at home and abroad is industrial hemp. Hemp, as a cash crop cultivated by Yi, Miao, Yao and other mountain people for generations, has a special position in Yunnan ethnic minorities. In Miao and Yao families, marriage without sackcloth is not a wedding, and locals never regard it as a drug. Because of its hallucinogenic ingredient tetrahydrocannabinol (THC), marijuana was once listed as one of the three major drugs alongside heroin and cocaine by the United Nations Drug Control Convention. Nowadays, it removes toxicity and becomes a new hot spot of industry with wide application and competitiveness in China. Yunnan is the only province in the country that allows and regulates industrial hemp cultivation in the form of regulations. According to the China Agricultural Statistics Yearbook and the statistics of the Food and Agriculture Organization of the United Nations, China has become the country with the largest area of industrial hemp cultivation, accounting for about half of the world's total. According to the statistics of the World Intellectual Property Organization, 309 of the 606 patents involving cannabis in the world come from Chinese enterprises and individuals. Around 1991, the Netherlands, France and other countries just developed new varieties of industrial hemp with low THC content and began to legalize cultivation. In 1997 and 1998, the research team of Yunnan Academy of Agricultural Sciences screened local varieties of industrial hemp with low toxicity content. It was certified in 2001. Since 2010, Yunnan has approved the cultivation of more than 220000 mu of industrial hemp, covering 38 counties (cities and districts) in 13 prefectures (cities). At the beginning of 2014, when the US Congress on the other side of the ocean was still cheering for the newly passed law on the legal cultivation of hemp, in Yunnan, China, these plants, known as "industrial hemp", had been legally cultivated for 13 years. In November 2016, the inauguration ceremony of Yunnan Hansu Industrial Hemp Biological Extraction and Separation Base, the first industrial hemp biological extraction and separation base in China, was held in Kunming. As the competent unit of extraction and separation of industrial hemp mosaic processing, the Drug Control Bureau of Yunnan Public Security Bureau will set up a hemp ingredient testing center in the base to serve the national drug control work with scientific and technological strength. Field of application: The industrial hemp that has been approved for legal cultivation is a variety with low toxic content, and the THC value is less than 0.3%. These industrial hemp (THC < 0.3%) are not considered to have the value of drug use, and their applications include at least textile, paper, food, medicine, health, daily chemicals, leather, automobiles, construction, decoration, packaging and other fields. Hemp is mainly used in agricultural planting, textile, clothing, paper making, military supplies, chemical industry, new building materials, biological energy, food health care, medicine and feed. For many years, the research work of hemp breeding has mainly focused on how to improve the yield of hemp, but because hemp is a dioecious crop, the diversity of different individuals in the same population, the complex genetic basis and the instability of good traits bring difficulties to the breeding work, but we can stabilize its good characteristics by tissue culture technology. A new way is provided for stabilizing the heterosis, propagating excellent single plants, purifying varieties (lines) and establishing asexual propagation lines. On the civilian side, a well-known national outdoor brand has successfully transformed the application of ultra-fine powder modified coating technology for hemp stalk core through cooperation with the Hemp Center of the General Military Equipment Research Institute, and developed a light, soft, durable, waterproof and stable water-permeable outdoor waterproof and moisture-permeable fabric for civilian use, which can break the monopoly of foreign technology. It is of great significance to enhance the core competitiveness of our own outdoor goods. Expand the full text On November 22, Hong Kong Xiongan Science and Technology announced that Hanma Group would become a shareholder of the company by injecting 51% of Yunnan Suma Biology. Su Ma Biology is an industrial hemp seed company. In this operation, Xiongan Science and Technology has entered the source of the industrial hemp industry chain, and Hanma Group may win a listed company. All of these originated from the industrial hemp seeds of "Zhonghanma No.1", which passed the identification of Yunnan Seed Management Station. The announcement of Xiongan Science and Technology is just one example. From the spring speculation to the late autumn of the quality test, some of the pure speculation of the company showed its original shape, and some of the companies with a down-to-earth layout have achieved results. On the other hand, from November 18 to 20, the Department of Planting Management of the Ministry of Agriculture and Rural Areas formed a special research group to investigate the industrial hemp industry in Yunnan and Heilongjiang. The industry's interpretation of this research activity is that the state has attached great importance to the industrial hemp industry, not excluding the introduction of a unified policy in the future. High-content seeds pass identification Xiongan Science and Technology announced that it had entered into a framework agreement with Hanma Group and Suma Biology to acquire and sell 51% of Suma Biology, which would be settled by distributing and issuing new shares of the company to Hanma Group or its designated groups. The business scope of Shuma Biology includes scientific research, cultivation, cultivation, processing and sales of industrial hemp and its seeds. Xiongan Science and Technology and Hanma Group will strive to sign a formal agreement before December 31. The 51% equity of Suma Biology can be exchanged, mainly because its "Zhonghanma No.1" industrial hemp seeds have passed the identification of Yunnan Seed Management Station. On November 19, before signing the framework agreement with Xiongan Science and Technology, Hanma Group had sold 20% of the shares of Suma Biology to A-share listed company, Dezhan Health, at A price of 100 million yuan. According to the certificate of Yunnan Seed Management Station on November 11, the rights and interests of "Zhonghanma No.1" seeds are jointly owned by Suma Biology and Hemp Research Institute of Chinese Academy of Agricultural Sciences, and the seed appraisal meeting was held on October 26. From obtaining the seed identification certificate on November 11, to selling part of the shares to Dezhan Health on November 19, to signing the equity exchange framework agreement with Xiongan Science and Technology on November 22, the capital operation efficiency of Hanma Group is very high. We contacted Professor Su Jianguang, member of the Party Committee and director of the Germplasm Resources Research Department of the Hemp Research Institute of the Chinese Academy of Agricultural Sciences. According to his introduction, the CBD content of "Zhonghanma No.1" has reached 3.19%, which is the seed with the highest CBD content that has passed the identification in China at present. After passing the identification, it still needs to enter the list of varieties of Yunnan Drug Control Commission before it can be used in a large area. The seeds supplied next year will not be much, mainly for breeding and production. He is the first breeder of "Zhonghanma No.1". The cooperation between the Hemp Research Institute of the Chinese Academy of Agricultural Sciences and the Hemp Group is commissioned research and development, and the contract will expire this year. This year, "Yunma No.7" was planted in large areas in Yunnan, with a calibrated content of 1% CBD, while the CBD content of industrial hemp seeds in North America was generally 3-5%. The higher the CBD content of industrial hemp seeds, the higher the benefit per unit planting area.From the point of view of CBD extraction, if the CBD content of industrial hemp is increased from 1% to 3%, the cost of raw materials per kilogram of extract will be reduced by 40%.The content of seeds not only directly affects the planting benefit, but also affects the overall competitiveness of China's industrial hemp industry. The prospect of developing seeds with high content of CBD is good. Two enterprises have obtained new processing licenses On November 14, Shenzhen Datong signed an agreement to acquire 51% of Yunnan Chengbang Fuji Biotechnology Co., Ltd. At present, the industrial and commercial registration has been changed. According to the announcement, Shenzhen Datong realized the indirect control of Yunnan Huayun Jinxin Biology through the acquisition of Chengbang Fuji shares, while Huayun Jinxin has obtained a new industrial hemp processing license. It is understood that the CBD annual production capacity of Huayun Jinxin Biology is 3-4 tons. At present, the comprehensive price of all kinds of CBD is 4 million US dollars and 2800 RMB per ton. If it is converted into 3 million US dollars per ton, the annual income of Huayun Jinxin's existing production capacity is about 90 million RMB, and the profit is about 45 million RMB. If production has been started or is about to start, it will produce economic benefits this year. Shenzhen Datong made it clear that Huayun Jinxin's industrial hemp project has obtained the "Yunnan Industrial Hemp Processing License" and "Yunnan Industrial Hemp Planting License", the fuel ethanol project has obtained the "Investment Project Record Certificate" of Yunnan Economic Commission, and the bio-organic fertilizer project has been approved by Binchuan County Engineering Bureau. Before March this year, enterprises can apply for planting licenses as long as they can legally obtain planting seeds, have certain human and material resources and business premises, and have downstream customers. The real economic value of industrial hemp is the deep processing stage, which requires a processing license, which has a certain threshold, and the processing license issued by the government is very few. Li Ming (a pseudonym), the head of an industrial hemp cultivation enterprise, told the Securities Daily reporter. Shenzhen Datong emphasizes that the acquisition of Chengbang Fuji's equity is to lay out business sectors such as fuel ethanol, industrial hemp and organic fertilizer, which are highly related and synergistic. After the completion of this acquisition, it will not have a significant impact on the company's operating income and net profit in 2019, and the impact on the company's long-term earnings is uncertain. This transaction does not constitute a related party transaction, nor does it constitute a major asset reorganization. On November 16, "Luxi Window" reported the opening ceremony of Kangbei Yunnan Yunxing Biology. According to the announcement of Kangbei, Yunxing Biology has obtained the industrial hemp processing license and started production. According to the public data, when Yunxing Biology applied for the processing license, it declared an annual processing capacity of 3000 tons of industrial hemp mosaic leaves, which was converted by the CBD content of "Yunma No.7", with an annual CBD output of 20 tons or more. According to the above calculation method of Huayun Jinxin, it is estimated that the annual income will be more than 400 million yuan and the profit will be more than 200 million yuan. Cloud apricot biology has started production, and this year's benefits and even profits are more certain. At the beginning of the year, many listed companies, such as Chengzhi Stock, Fangsheng Pharmaceutical, Meiyingsen and Shunhao Stock, announced the construction of industrial hemp processing plants. These factories are under construction, the fastest progress of Chengzhi shares in the acquisition of Yunnan Hanmeng Pharmaceutical, the plant structure is close to the top. The new plant has a long period. Huayun Jinxin and Yunxing Bio-energy were built and put into production in the same year, mainly based on the original alcohol or ginkgo extraction production line, and have relevant technical reserves. In the industrial hemp craze at the beginning of the year, some grass-roots public security bureaus in Yunnan issued wrong licenses because they were not familiar with their business. For example, they issued processing licenses for planting enterprises, and issued processing licenses for production in the pre-approval process. Since then, Yunnan Drug Control Bureau has strengthened its management, including on-site inspection, sample inspection and approval authority. At present, it is very difficult to obtain a processing license in Yunnan, which requires complicated procedures and strict examination and approval. Yunnan is also in the process of revising industrial hemp regulations, and after the implementation of the new regulations, it may be more difficult to obtain processing licenses. The Ministry of Agriculture and Rural Areas launched a survey on the current situation of industrial hemp industry On November 18-20, the Planting Management Department of the Ministry of Agriculture and Rural Areas formed a special research group to investigate the industrial hemp industry in Yunnan, and will also go to Heilongjiang to investigate. From the point of view of notification, the purpose of investigation is to understand the production and management status of industrial hemp industry and promote the standardized and stable development of industrial hemp industry. The industry's interpretation of this research activity is that the state has attached great importance to the industrial hemp industry, not excluding the introduction of a unified policy in the future. At present, the development of industrial hemp industry is restricted by the seed quality of the front end and the application of the back end. If the United Nations Bureau of Narcotics deletes CBD from the control table and FDA allows CBD to be added to food next year, the industrial hemp industry will usher in unprecedented opportunities for development. Whether China's industrial hemp industry can win in the global competition depends first on the competitiveness of industrial hemp seeds. In the investigation of the Ministry of Agriculture and Rural Areas, enterprises suggest that the state should liberalize the research of high-quality seeds conditionally, liberalize the restrictions on private enterprises entering seed research, and guide policies to speed up the research of high-content seeds of industrial hemp, so as to promote industrial development; At the same time, industrial hemp seeds are identified at the national level to break the restrictions on the closed use of seeds in various provinces, so that high-quality seeds can be used in a wider range. FDA in the United States and Europe have approved the marketing of CBD drugs, while China only permits the addition of "cannabis leaf extract" as a cosmetic raw material, and the relevant departments in China should liberalize the research and development of industrial cannabis CBD extract in food, health products and pharmaceuticals. In Europe and the United States, the mosaic residue extracted from industrial hemp (without THC) and extracts have been well applied in animal feed. In the investigation, some enterprises put forward that they hope that the agricultural department will allow the evaluation of the mosaic residue and extracts of industrial hemp, and list the mosaic residue of industrial hemp in the Catalogue of Feed Raw Materials. The industrial hemp extract was listed in the Catalogue of Feed Additives. If we say that the restrictions on seed research and development can be broken by Yunnan and Heilongjiang provinces on their own, the restrictions on application will be decided by the ministries and commissions of the state. Research by the Ministry of Agriculture and Rural Affairs has brought hope to the industrial cannabis industry. The prospect of industrial hemp attracts attention The layout of industrial hemp in Shenzhen Datong has begun before. On April 17 this year, Shenzhen Datong announced its intention to set up a joint venture subsidiary, which mainly invests in the integration and expansion of the whole industrial chain of industrial hemp, the research and development of CBD products and domestic and foreign sales. Shenzhen Datong said it would explore the "penetration and deep integration" of blockchain and industrial hemp business scenarios. As it involves two hot topics of block chain and industrial hemp, Shenzhen Datong received a letter of concern from Shenzhen Stock Exchange on April 18. Since then, Shenzhen Datong has carried out joint venture cooperation and acquisition in the field of industrial hemp, and signed the Strategic Cooperation Framework Agreement with the People's Government of Dongshan District, Hegang City, Heilongjiang Province. The cooperation covers the construction of industrial hemp planting base and deep processing base. Securities Daily reporter learned that industrial hemp is mainly used in some cosmetics fields in China, the main terminal consumer market is abroad, and the domestic supervision of industrial hemp is relatively strict. The ingredients of industrial hemp include CBD and THC (tetrahydrocannabinol), among which the deregulation of CBD application is still controversial in the world, while THC is recognized as a drug ingredient. This has a higher requirement for the ability of industrial hemp enterprises to guard against risks, and if the supervision is not effective, it will have an impact on social stability. Li Ming said. Li Ming said that the gross profit of industrial hemp cultivation is not high, there is a certain risk of loss in the cultivation enterprises, and the gross profit rate of industrial hemp processing is relatively high, but it is also related to the trend of international hemp prices. If the application of industrial hemp in medicine and food additives is opened up in China, industrial hemp still has great prospects. At this stage, if raw materials are put into the domestic market, supply must exceed demand, and if enterprises are involved in processing business, they must have better channels overseas. Li Ming said so. Huayun Jinxin is communicating and negotiating with overseas customers, and has contacted several overseas customers. At present, industrial hemp mosaic processing is in the stage of small batch production, the company is expanding the production scale as planned, and the cultivation of industrial hemp is also advancing as planned. In response to an interview with the Securities Daily, Shenzhen Datong insiders said that according to the agreement of the merger and acquisition agreement, if Chengbang Fuji's production is progressing smoothly, it is expected to bring profits to the company by 2020. Price difference of a thousand times from raw materials to products Planting scale is restricted by processing capacity What does industrial hemp, which is described as a trillion-level market, really look like? In mid-late October, Daily Economic News reporters rushed to many places in Yunnan to investigate and witness the harvesting and processing of industrial hemp. Reporters found that the price difference between planting and processing is huge, the price of flowers and leaves sold by farmers to the company is 10 yuan per kilogram, while the price of CBD (cannabidiol) purified in the international market is 5000 dollars per kilogram, which is thousands of times the gap. Because of the high technology and license threshold in industrial hemp processing, it is difficult for CBD crystal production capacity to be released explosively and centrally, which also means that limited CBD production capacity will restrict the scale of industrial hemp cultivation. It is worth noting that many listed companies have been heated in the capital market this year because of the disclosure of their layout in the field of industrial hemp. But there is still a question mark over how much industrial hemp will ultimately contribute to the performance of listed companies. Weather factors affect harvesting The CBD-rich flowers and leaves of industrial hemp are thin and long. The headache for growers is the uncertain weather, which will affect the harvest progress. One day in mid-October, when the drizzling rain hit the farmland, Zhang Yang (a pseudonym), an employee of Yunnan Muya Agricultural Science and Technology Co., hemp extraction centrifuge ,thin film distillation, Ltd. (Hereinafter referred to as Yunnan Muya), a subsidiary of Longjin Pharmaceutical Holdings, was not good at all. It's only been a sunny day and it's raining, so I can't harvest it. Zhang Yang shook his head and muttered to his colleague Hao Peng (a pseudonym). Hao Peng did not speak, turned around and put his hands behind him, and smiled bitterly. After inspecting the planting land, they were ready to return to the county town. There are more than 30 kilometers from here to the county seat, and about 5 kilometers are mountain roads with great curvature. Zhang Yang said that "people who are prone to carsickness usually vomit.". Zhang Yang said that the target of harvesting is this year's hot industrial hemp. At this time, Zhang Yang and Hao Peng are very anxious, because there is still a week to go before the Frost's Descent of the lunar calendar. Frost's Descent "killing hundreds of herbs", the last solar term in autumn also means the coming of winter. As a common crop, the growth cycle of industrial hemp can not avoid the law of all things, which is the golden period of the final harvest. Hao Peng and Zhang Yang were talking and laughing in the car, muttering a joke casually: "It's like God is against us." They are thinking about the emergence of seeds this spring, and the growers of industrial hemp are eager for more rain in the red soil. However, the spring drought in Yunnan lasted for a long time, which affected the sowing and emergence of industrial hemp. Industrial hemp is a high-stalk crop, which is not tolerant to soil drought, and its yield is low when there is less rain. It doesn't rain when it should rain, and it doesn't rain when it should be sunny. Farmers are most afraid of such "tricks". Fang Huarong, chairman of Ximeikang Agricultural Development Co., Ltd. (Hereinafter referred to as Ximeikang), a subsidiary of Kangbei, also faced the same trouble in Zhanyi District, Qujing City, about 200 kilometers from Muya, Yunnan Province. The seeds of industrial hemp were sown, but the seedlings did not emerge because of the drought. Fang Huarong was worried and watched the weather forecast every day, hoping for more rain. Things are not satisfactory, Fang Huarong can only plant nutrient solution for industrial hemp. This is also a helpless move, no longer "infusion", industrial hemp will not grow tall. Compared with publicity, Fang Huarong still has some small luck. At the Ximeikang industrial hemp planting base in Haojiaozi Village, Yanfang Township, the weather cleared up for a period of time. In the middle and late October, farmers began to harvest. It is the male plant of industrial hemp, commonly known as male hemp. Where there is a male, there is a female, and the female plant is "Ju". On industrial hemp plantations, male and female plants are mixed together. The male plants flower and the pollen is scattered on the female plants, which are allowed to set seeds. Male hemp stalks and flowers and leaves lie in piles on the cement floor of the courtyard dam. They are uniform and have been exposed to the sun for several days. After drying for a period of time, the light green hemp stalks gradually turn yellow, like a pile of dry wood or straw. Aunt Wang, a farmer, drove a small farm machine through the cement field and crushed the flowers and leaves on the hemp stalks. The roar of the engine, the crackling of the dead branches of industrial hemp being crushed.. After a few rounds, most of the long flower leaves like banana leaves have been crushed to pieces. Aunt Wang planed the broken flowers and leaves together with farm tools and put them into woven bags, which is the raw material for extracting CBD. It is understood that the most valuable CBD of industrial hemp is hidden in Huaye. Daily Economic News reporter inquired with many people in the industry in Yunnan, and made a comprehensive understanding of the cycle of industrial hemp cultivation. Industrial hemp was planted in mid-May, and one month later, it grew to 1 meter high. Two months later, when industrial hemp grows to more than 2 meters, it will usher in the fastest growth stage, sometimes 10 centimeters a day. Five months after planting (150 days), industrial hemp can be harvested, first male hemp and then female hemp. Flowers, leaves and flowers are used to extract CBD; hemp stalks and stems are used to make fiber clothing; hemp seeds are used as cooking oil and can also be peeled and eaten. Hao Peng casually peeled off a hemp seed and skillfully opened it with his mouth, which was not much different from eating melon seeds. The husked seeds of industrial hemp seeds are called "hemp seeds". Recently, Meiyingsen, a popular stock, cooperated with Jiangnan University to develop the main raw material of artificial meat, which is "hemp seed". On the planting base of Haojiaaozi Village, there are still a large number of female industrial hemp plants ready to be harvested. This is a green scene, female hemp high and low scattered in the field, high industrial hemp has 3 to 4 meters. When the breeze blows, the industrial hemp plantation will waft a strange fragrance, which the local people vividly describe as "hemp smell". Male hemp withers earlier than female hemp, and once the pollen of male hemp flies out, it has no value, which will also affect the CBD content of female hemp. Ximeikang's technicians explained the reason why male hemp was harvested before female hemp. Generally speaking, the CBD content of industrial hemp planted in Yunnan is between 0.8% and 1.6%. The CBD content of some industrial hemp planted by Ximeikang is 1.2%, which is already at a relatively high level. There are many factors affecting the CBD content of industrial hemp, and climate environment is one of them. In the most critical harvesting stage, the CBD content of industrial hemp also has an interesting marginal decline law. In October, the hemp seeds in the industrial hemp tidbit will be wrapped in slurry, which is the time when CBD content is the highest. Zhang Yang and Hao Peng's key inspection work during this period is to check which hemp seeds have been wrapped in slurry. Hao Peng picked the hemp seeds, peeled off the shell and flowed out milky white liquid. He found an industrial hemp with wrapped slurry. "This can be collected. If it is a little older, it will be worthless." Wait for the weather to clear up, and then do it continuously. Zhang Yang echoed that they were looking forward to a good harvest of industrial hemp this year. The size of the profit is difficult to quantify at the moment. Cannabis has always been a strictly controlled product stipulated by the United Nations Anti-Drug Convention, and it is still illegal to carry and smoke cannabis in most countries. What is banned by statute belongs to recreational hemp, and industrial hemp and it are two dimensions. THC (tetrahydrocannabinol) content of less than 0.3% is industrial hemp. Heilongjiang Province and Yunnan Province are the few provinces in China that allow the cultivation of industrial hemp. Honghe, Wenshan, Qujing, Xishuangbanna and other places are relatively concentrated industrial hemp cultivation areas. Altitude, soil, water source and climate environment are the resource endowments of industrial hemp cultivation in these areas. Yanfang Township, Zhanyi District, Qujing City, is more than 30 kilometers away from the urban area, which is close to the source of the Pearl River, a large water system in the south. At the foot of Maxiong Mountain, there is a gurgling stream, which is the place where Xu Xiake crossed three times to find the source. On the other hand, industrial hemp is not difficult to grow and is a more tolerant crop. Fang Huarong, a native of Zhejiang Province, claimed to be an old farmer who came out to work in the 1960s. He has worked in agriculture all his life, planting rice, corn, sugarcane, medicinal materials and so on, and industrial hemp has been rated as the best by him. He described growing industrial hemp as a "lazy crop." "The best crop to grow is a lazy crop!" On the roadside of Haojiaaozi Village, some "crooked neck" industrial hemp plants are upside down, and even the roots of the plants are exposed. However, they are not dead yet, and their vitality is particularly tenacious. It's half broken by hail and can still grow. Ximeikang's technicians said. Yunnan has a long history of agricultural cultivation, and flue-cured tobacco and corn are more common crops for farmers. Flue-cured tobacco has high economic benefits, but it is difficult to resist natural disasters such as hail. If half of it is interrupted like industrial hemp, it is very difficult to grow flue-cured tobacco. Ximeikang's technicians said. Corn is easy to grow, but its economic benefits are not comparable to flue-cured tobacco. With good cultivation and high economic benefits, industrial hemp is like a combination of the two, which has its own comparative advantages. Xiao Chen, a farmer somewhere in Yunnan, cooperated with Yunnan Muya to plant industrial hemp for the first time this year. He had been idle at home before and was not interested in general crop cultivation. The economic benefit is also good, the economic benefit of planting one mu of industrial hemp is 2000 yuan, and 100 mu of land is 200000 yuan. Xiao Chen calculated an economic account, the cost of planting one mu of land is 150 yuan, including fertilizer, soil film, human cost and so on. Eight workers are needed to harvest one mu of industrial hemp, and the daily wage is 80 yuan, which is the biggest cost for him to grow industrial hemp. The economic benefits of industrial hemp cultivation by farmers are related to the yield, and the amount of money earned varies from person to person, depending on the cultivation experience, technology and so on. The investment is small, the recovery is fast and the profit is large. This is the concise summary of the hemp man, but this sentence is not all. The "small investment" of industrial hemp cultivation corresponds to low risk. In fact, the risk is transferred in the contract, and the company has to accept more cost constraints. Yunnan Muya adopts the cooperation mode of "company plus farmer", in which the company provides technology and seeds, and the farmer is responsible for planting and picking. Whether it is Muya or Ximeikang in Yunnan, the cultivation of industrial hemp tends to choose this cooperation mode, and capital, labor and land can be efficiently reorganized. Only industrial hemp cultivation license can be obtained, and it is difficult for individual retail investors to meet the matching conditions. However, farmers can provide the company's scarce labor force and solve the problem of the company's planting base by transferring land. Industrial hemp cultivation cycle is 150 days, "spring planting and autumn harvest" can ensure the "fast recovery" of growers and companies. But it seems that the harvest cycle of industrial hemp can only be like this, and it is very difficult to harvest twice a year. You can't grow industrial hemp in winter. Fang Huarong's explanation is that the cultivation of industrial hemp should also respect its growth law. The size of the profit is difficult to quantify, farmers and growers have a good income, but the company does not see it that way. This is nothing more than two reasons, one is uncertain, this year is the first year of trial planting of Longjin Pharmaceutical, Kangbei and other listed companies, and has not yet completed all harvesting. Fang Huarong and Li Yahe, Secretary of Longjin Pharmaceutical, told the Daily Economic News that the market price of hemp leaves has not yet come out, so it is impossible to estimate the profits brought by the harvest of industrial hemp, and its contribution to the performance needs to be settled before it can be known. Second, it comes from traditional experience. Industrial hemp belongs to crops, and it is difficult for agricultural products to make a lot of money. As the aforementioned Ximeikang technicians lament, agriculture needs a feeling. Standing in the dimension of the whole industrial chain of industrial hemp, the value of each link can not be equal. Industrial hemp midstream processing industry is regarded as the link with the highest economic surplus. Such a set of comparative figures is more intuitive. Daily Economic News reporter found in many places in Yunnan that the price of flowers and leaves purchased directly by the company from farmers is 10 yuan per kilogram. If hidden costs such as land transfer costs and nursing costs are added, the price can be 20 yuan per kilogram. The price of purified CBD can reach $5000 per kilogram. According to the teleconference summary of the overseas team of Tianfeng Securities Research Institute in March this year, in 2017, CBD with 95% purity in Yunnan was quoted at 13000 US $/kg. From industrial hemp raw materials to finished products, the product premium is more than 1700 times. In the whole industrial hemp industry chain, the gross profit rate of the processing link is also very high. Although reporters do not have specific figures, they can compare international cannabis companies horizontally. The world's leading industrial hemp companies, such as Canopy Growth Corp and Aurora hemp, have gross margins of more than 70% in the last two years. The key to industrial hemp is processing, and there is no profit without processing. Fang Huarong pointed out the key point directly. The downstream application market of CBD can support its high quotation in the international market. The prospect is very good, and the market potential of European and American countries is huge, which is a trillion-level industry. Fang Huarong smiled, and he was very optimistic about the prospects of the downstream application market of industrial hemp. Fang Huarong's optimism is not unreasonable, before the reporter interviewed, brokerage research reports and foreign cannabis companies have made profit forecasts. According to Euromonitor International, the global legal cannabis market was about $12 billion in 2018; by 2025, the legal product market will be $166 billion. The demand for cannabinoid CBD has increased, and the growth rate is expected to be close to 80% in the next two years. Canopy Grogwth has mentioned the main application market size of industrial hemp in 2017, with a total market size of 2650 billion yuan for sports drinks, alcoholic drinks, health care and sleep. The existing CBD supply does not fully meet the downstream market application, to a certain extent, the processing link of CBD purification has a "ceiling" in production capacity, and the constraints of supply increase are greater. Taking domestic enterprises as an example, this is mainly restricted by the threshold of industrial hemp processing license and technology. Only 6 enterprises in Yunnan have CBD processing licenses. Industry insiders told reporters that this includes Hansu Biology, Baiou Biology, Yunnan Academy of Agricultural Sciences, Yunnan Hanruisi Biotechnology Co., Ltd. CBD processing qualification approval procedures are more stringent and need to be checked by the public security department. In fact, some CBD processing plants are hidden and refuse to be visited by outsiders. Yunnan Hansu Biotechnology Co., Ltd. (Hansu Biology), which is controlled by Hanma Investment Group Co., Ltd. (Hereinafter referred to as Hanma Group), is an example. From Kunming to Haikou Town, this is the expressway around Dianchi Lake. Walking straight inside the town of Haikou, you can see slogans from the last century and Soviet-style buildings. The address of the industrial and commercial information registered by Yunnan Hansu is the factory building of Xiyi Stock Company, and the innermost is its processing plant. Different from the traditional workshop of Xiyi Stock Company, Yunnan Hansu Workshop is made up of blue irregular squares. Standing outside the factory building, the reporter could still hear the roar of the machines inside. There are no interviews here. The staff guarding the gate said. Ximeikang's industrial hemp processing plant is near the office, which was originally a material reserve. At present, the industrial hemp processing plant has not yet obtained a processing license, but it has the technology to purify CBD. Fang Huarong told reporters that the technology used in Ximeikang Industrial Hemp Processing Plant is solvent extraction process. Feeding, crude extraction, refined extraction and finished crystal, the CBD extraction of industrial hemp is generally these four links. The particles of flowers and leaves are soaked in a container for about half an hour, and then filtered into a large tank (evaporation tank). Li Yongping of Ximeikang Rough Workshop took the reporter into the workshop and explained the rough steps in detail. This workshop is relatively clean, and some processes can be automated. In this workshop, the particles of flowers and leaves will become black paste sticky, and then enter the refining workshop, "the last one is white CBD crystals, just like salt.". In fact, the audit of entering Ximeikang processing plant is also very strict. First of all, vehicles entering and leaving the factory area should be strictly registered, and non-working vehicles are prohibited from driving into the factory area. Secondly, there are more than 60 cameras in the Ximeikang processing plant, and the surveillance pictures are not only seen by the monitoring room, but also networked with the public security system. We have two processing plants, and the total annual capacity of CBD crystals is 10 tons. Fang Huarong said that at present, this production capacity ranks in the forefront of industrial hemp processing plants in Yunnan Province. In this year's industrial hemp boom, there are more than 40 stocks involved in the concept. Shunhao Stock, Dongfeng Stock, Tianjin Magcard and other listed companies focus on processing links, but still rely on cooperation with licensed processing plants such as Hansu in Yunnan. Others, such as Longjin Pharmaceutical Industry, lay out the industrial chain in the planting link. It is worth mentioning that the scale of industrial hemp cultivation is also subject to the capacity of processing plants. There are 5000 mu of industrial hemp planting base in Zhanyi District, which will be expanded to 20000 mu next year. Fang Huarong said that the CBD processing capacity of their processing plant is 50000 mu of raw materials. Longjin Pharmaceutical also sells the harvested industrial hemp to processing plants. The performance of listed companies involved in the concept of industrial hemp processing may not be fully realized in the short term; the profit contribution of mosaic sales of listed companies involved in the concept of industrial hemp cultivation is not as good as expected. From the perspective of a more circuitous industrial chain, the income of farmers also depends on the demand of industrial hemp processing plants. When raw materials exceed the capacity limit of processing plants, industrial hemp mosaic leaves are no longer needed, resulting in excess supply. This year, the planting area of industrial hemp in Yunnan is about 170000 mu. Professor Yang Ming of Yunnan Academy of Agricultural Sciences said that as for whether the scale of subsequent planting will increase,thin film distillation, it depends on the scale of processing capacity. Source: Brokerage China, Daily Economic News, etc. Return to Sohu to see more Responsible Editor:. toptiontech.com