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New York54°

April 15, 2021 ADVERTISE

Chinese Look To Sell Directly To Cannabis Companies

The MJ Biz conference in Las Vegas, Nevada last week was the biggest yet. With over 700 vendors and thousands of attendees, it’s the largest cannabis conference in the country. The notable change this year was the heavy presence of Chinese manufacturers looking to cut out the American middlemen.

Much of the cannabis industry equipment is made in China, but there are many American companies that have made it their business to resell this hardware. It can certainly be easier for many American cannabis companies to work with a fellow American company and let them do the legwork of traveling to China to source the equipment. This year, it seems the Chinese are making the effort to go directly to the cannabis industry customers.

In addition to the large Chinese presence, there were quite a few Europeans and especially Germans walking the conference floor.

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.

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The Hemp Market Report will target news from the fast growing worlds of cannabidiol (CBD) and hemp. As a sister site to the Green Market Report, HMR will cover financial stories, but also take a look at lifestyle news as well. The Hemp Market Report will also publish sponsored content as we seek to expand our content offerings.


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