The coronavirus outbreak in China likely will benefit American hemp companies
The coronavirus outbreak in China likely will benefit American hemp companies that compete with Chinese suppliers on the global and domestic markets.
Trade tensions between the United States and China previously caused disruptions in the cannabis supply chain.
And this newest issue underscores the vulnerabilities in the global marketplace that vape and other cannabis and hemp companies rely on for products ranging from LED lighting to packaging supplies.
“Honestly, I think that the American hemp industry can do nothing but benefit from the coronavirus in China,” Landin Butterfield, a crop consultant with Klamath Falls, Oregon-based Patriot Hemp Services, said at the World Ag Expo last week in Tulare, California.
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