According to the difference of THC content, hemp can be divided into two categories: industrial hemp and drug hemp. Industrial hemp refers to the hemp whose THC content is reduced to 0.3% through breeding technology. Industrial hemp does not have the value of drug use. It is often used as an important raw material for production. It is widely used in textiles, papermaking, medicine, food, health products, cosmetic packaging and other fields. Among them, the medical and textile fields are important downstream applications of industrial hemp in my country. market.

From the perspective of the industrial chain, the upstream of the industrial hemp industry chain is the production and planting layer, involving industrial hemp breeding research and development institutions and industrial hemp growers; the midstream is the production and processing layer of industrial hemp; and the downstream is the sales and application layer. With continuous breakthroughs in extraction and purification technology, the application scope of industrial hemp has gradually expanded. In order to promote the legalization of industrial hemp, many countries around the world have realized the legalized cultivation of industrial hemp. With its favorable climate, fertile land and other advantages, my country has gradually developed into the world's largest industrial hemp planting country. From 2015 to 2019, the area of ​​industrial hemp planted in my country has increased from 6 thousand hectares to about 20,000 hectares.　　

According to the "2021 Industrial Hemp Industry Investment Prospect Forecast and Investment Strategy Recommendation Report" released by the New Sijie Industry Research Center, in recent years, thanks to the continuous release of market demand and the gradual breakthrough of related technologies, my country's industrial hemp market is developing well. . With the continuous expansion of domestic planting area, the output of my country's industrial hemp industry has also continued to grow. By 2019, the output of my country's industrial hemp industry has reached 134,000 tons, and the market size is close to 9.55 billion yuan.　　

my country has a relatively simple understanding of industrial hemp. Due to the restrictions of national policies, my country's industrial hemp processing industry is currently small, and there is still much room for improvement in the industrialized production scale of industrial hemp breeding, planting, and processing. At present, the development of my country's industrial hemp industry is mainly promoted by local governments. Only Heilongjiang, Yunnan and other regions in China allow the cultivation and processing of industrial hemp.

The entry threshold for industrial hemp is high, but attracted by the market prospects, more and more companies are participating in the market layout. In 2020, the number of listed companies in my country involving industrial hemp will reach more than 60. At present, the large-scale industrial hemp-related companies in China include Hanma Group, Shunhao Co., Ltd., Zixin Pharmaceutical, Hanyu Pharmaceutical, Longjin Pharmaceutical, Dongfeng Co., Ltd. and so on.　　

Industrial hemp does not have the value of drug use, and its application range is wide, involving many fields such as medicine, cosmetics, food, textiles and so on. my country is a large industrial hemp planting country in the world. Due to policy restrictions, my country’s industrial hemp planting area is relatively concentrated, and the scale of planting and processing is small. On the whole, my country’s industrial hemp market has not yet been fully opened, and there will still be more Large room for development.