The sale and possession of CBD will be banned in Hong Kong from the beginning of February 2023 following an announcement earlier this year.
Under the new rules, CBD will be classified in the same way as heroin and cocaine, with anyone caught in possession of or consuming CBD facing a jail term of up to seven years and a fine of HKD1m (USD129,000). Those trafficking or manufacturing CBD risk a maximum of a life sentence and a fine of HKD5m (USD643,000).
...
Need help?
Contact a sales representative right now and don’t wait
“ Hong Kong to ban CBD in the new year, ending a once-burgeoning business ”
Buy report request information:
“ Hong Kong to ban CBD in the new year, ending a once-burgeoning business ”
The sale and possession of CBD will be banned in Hong Kong from the beginning of February 2023 following an announcement earlier this year.
Under the new rules, CBD will be classified in the same way as heroin and cocaine, with anyone caught in possession of or consuming CBD facing a jail term of up to seven years and a fine of HKD1m (USD129,000). Those trafficking or manufacturing CBD risk a maximum of a life sentence and a fine of HKD5m (USD643,000).
Get access to premium content that is normally only available for subscribers. For the duration of a week, you can read our news analysis, identify market trends and understand upcoming changes in the industry, which will enable you to get ahead of your competitors.
Sign up to access our business and regulatory briefings and get the most updated news, insights and our expert analysis to keep you on top of worldwide industry trends.
By signing up you agree to our Terms and Conditions Please note trial access may take up to 24 hours to be granted as access must be qualified by a member of the CBD-Intel team.