In 2018, the United States, Argentina, Australia, Austria, Chile and other 35 countries have legalized medical cannabis, while the United Kingdom, France, Belgium, New Zealand and other nine countries have legalized some medical cannabis drugs. The United Nations Commission on Narcotic Drugs will also discuss pure CBD and CBD preparations that will not exceed 0.2% THC and will not be included in the international drug control conventions in any way, which is expected to promote the legalization of global industrial cannabis. According to Brightfield Group, a CBD Market Research company, the value of the global CBD industry will reach $5.7 billion in 2019 and $22 billion in 2022.
Cannabis can be divided into industrial cannabis, medical cannabis and leisure cannabis, which contain THC (tetrahydrocannabinol) and CBD (cannabis bisphenol). THC can bind to CB1 receptor in the brain, which has exciting effect; while CBD has no psychoactive effect, high medical value, anti-spasm, anti-anxiety, anti-inflammation, analgesia and other pharmacological effects. A considerable number of CBD drugs, health care products and cosmetics have been sold in European and American countries.
Fohse, a Nevada-based horticultural lighting supplier, announced an agreement with Curative Cannabis, a Canadian medicinal cannabis grower, to supply plant growth lights to its Ontario plant. The annual production of medicinal cannabis is expected to reach 3000 kg. Compared with the traditional high-pressure sodium lamp lighting system, using LED growth lights, the company expects to increase hemp production and save about 50% of energy.
With the development of hemp industry, it is imperative to replace the high-voltage sodium lamp with LED growth lamp, which used to consume energy and cost electricity.
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