Neoken Bio Selected as Lead for National CBD API Localization Project — KRW 5.7 Billion

Neoken Bio has been chosen by the Ministry of Agriculture, Food and Rural Affairs to serve as the lead institution for the “Agricultural Bioresources‑based National Essential Medicines Raw Material Supply Chain” program. The KRW 5.7 billion project will run from April 2026 through December 2030 and aims to achieve domestic self‑sufficiency in CBD active pharmaceutical ingredients (APIs).

For the full article, please visit the original source link below. CannabisInsight curates and summarizes key news from the global cannabis and hemp industry.