Gyeongsangbuk-do and Andong-si announced on the 7th that on the 6th, the 3rd Special Committee on Regulatory Freedom, which was chaired by the Prime Minister, announced that Gyeongbuk was finally designated as the'Free Industrial Hamp (HEMP) Special Free Zone.' The special zone is about 330,000 square meters in five areas including Imhae-myeon, Andong-si, Pungsan-eup, and Gyeongsan-si, and about 45 billion won will be invested over the next two years until 2022.
Hemp is basically classified as marijuana and hemp. Hemp is a hemp plant and extract with less than 0.3% of hallucinogenic components, and is a low-drug variety, widely used as a raw material for medical purposes abroad.
At the end of the demonstration stage, he also announced that he would focus on attracting investments from related companies by fostering the existing Gyeongbuk Bio-Industrial Complex 2 as a'Hemp-based bio-industrial specialized industrial complex'.
"The existing hemp industry was allowed only for cultivation for textiles and seeds, but it was meaningful in that it opened the door to bio-industrialization using hemp, which has been regulated by the Narcotics Control Act for over 70 years with the designation of special zones," said Do.
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(Photo = provided by Gyeongbuk-do, Twitter by Gyeongbuk Provincial Office)
[Pick] Is cannabis legal in Gyeongbuk?... Promote industrialization of'medical hemp'
2020-07-09T03:00:14.088Z
Gyeongsangbuk-do is designated as the'Free Hemp Control District' for the first time in Korea to develop medical products using hemp. Gyeongsangbuk-do and Andong-si announced on the 7th that on the 6th, the 3rd Special Free Zone for Regulatory Affairs, chaired by the Prime Minister, announced that Gyeongbuk was finally designated as a'Free Industrial Hamp Free Zone.'
Source: sbskr