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.

To read the complete article, go to www.aljazeera.com

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