Hong Kong’s CBD industry faces wipeout as government ban looms

In Hong Kong, CBD has been sold legally in the form of oils, tinctures, and food and drinks amid a mushrooming of related businesses in recent years.

CBD users, however, may soon be forced to find other outlets for their stress as the Chinese-ruled city looks to ban the compound as early as this year.

In June, the Hong Kong government, which is nominally semi-autonomous from mainland China under a system known as “one country, two systems,” unveiled a draft bill to ban the manufacturing, import, export, sale, and possession of CBD products. The bill came after Beijing last year announced a ban on cosmetics containing CBD.

After a Beijing-decreed electoral overhaul last year effectively wiped out all political opposition in Hong Kong’s legislature, there is little chance of the bill not becoming law.

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