Hong Kong banned CBD as a “dangerous drug” and imposed harsh penalties for its possession on Wednesday, forcing fledging businesses to shut down or revamp, the AP reports.
banned CBD as a “dangerous drug” and imposed harsh penalties for its possession on Wednesday, forcing fledging businesses to shut down or revamp.
But all that has changed with the prohibition, which took effect Wednesday but had been announced by the government last year. CBD-related businesses have closed down, while others have struggled to remodel their businesses. Consumers dumped what they saw as a cure for their ailments into special collection boxes set up around the city.
In explaining the policy change, the Hong Kong government cited the difficulty of isolating pure CBD from cannabis, the possibility of contamination with THC during the production process and the relative ease by which CBD can be converted to THC.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Hong Kong is criminalizing CBD as a 'dangerous drug' alongside heroin | CNN BusinessTwo years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with businesses eager to join an exciting new market already well-established in countries around the world.
Weiterlesen »
Hong Kong bans CBD, forcing businesses to shut or revampHONG KONG (AP) — Hong Kong banned CBD as a “dangerous drug” and imposed harsh penalties for its possession on Wednesday, forcing fledging businesses to shut down or revamp. Supporters say CBD, or cannabidiol, derived from the cannabis plant, can help relieve stress and inflammation without getting its users high, unlike its more famous cousin THC, the psychoactive ingredient of marijuana which has long been illegal in Hong Kong.
Weiterlesen »
Gummies, Massage Oils Put in Class With Heroin in Hong Kong CBD CrackdownBusinesses in Hong Kong dumped CBD products ahead of a new law criminalizing possession of the cannabis derivative, ranking it alongside heroin and cocaine WSJWhatsNow
Weiterlesen »
Hong Kong bans flourishing CBD business, following Beijing’s leadHong Kong banned cannabidiol, or CBD, on Wednesday, listing it as a “dangerous drug” with harsh penalties for possession despite a flourishing trade for such products in the city.
Weiterlesen »
Hong Kong criminalizes CBD, ranking it alongside heroin and cocaineA new law criminalizing the possession, consumption and selling of CBD came into effect Wednesday in Hong Kong, placing the substance on par with heroin in terms of legal classification.
Weiterlesen »
Hong Kong to Require Stablecoin Licensing as Early as This YearHong Kong's top financial regulator, hkmagovhk, said it will regulate the issuance, governance and stabilization of stablecoins backed by fiat currency reserves under a licensing regime as early as this year. iamsandali reports
Weiterlesen »