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CBD ban in Hong Kong
Hong Kong authorities have just announced the outlawing of CBD, or cannabidiol, which is one of the main ingredients in cannabis. The decision was made because the authorities considered CBD to be a dangerous drug. The new regulations took effect as early as February 1, 2023. CBD, or cannabidiol, is a substance that is one of the main components of cannabis. It is known for its analgesic, anti-inflammatory and anti-anxiety properties. In recent years, CBD has become a popular ingredient in cosmetic products, dietary supplements and oils for medical use. Hong Kong authorities consider CBD a dangerous drug and have outlawed its sale and possession. The decision comes as a result of growing interest in CBD, especially in Western countries, and Hong Kong authorities' concerns about its impact on public health and safety. This spells the demise of many companies involved in the production and sale of CBD products in the country.
Penalties for possession of CBD in Honkong - what are they?
Under current regulations, possession of prohibited substances is punishable by a fine of up to HK$5 million, or more than 2 million zlotys. Now even CBD products have been declared narcotics, so their possession or sale also faces severe penalties from the government. Possession or consumption of CBD in Hong Kong can lead to up to 7 years in jail, a prison sentence or an additional HKD 1 million fine. These are incredibly harsh penalties, which come as a surprise to residents of this country. Why? Well, CBD is a widely accepted preparation in most countries around the world. Hong Kong authorities have decided , that the only legal CBD substances are those from pharmacies. The legal situation regarding CBD in Hong Kong is extremely complicated and rare. It can be said that the banning of CBD in Hong Kong took everyone by surprise: consumers, manufacturers and distributors.
CBD delegation in Hong Kong - what effects did it have?
Wondering if the authorities' decision to outlaw CBD in Hong Kong was a good decision? According to many people, definitely not. This is fatal news for entrepreneurs who have toiled in the production and sale of such preparations. It is worth mentioning that in Hong Kong cannabidiol was in great demand, and the industry was thriving. Even restaurants serving CBD food and hemp coffee were established in cities. Unfortunately, those days are unlikely to return, as Hong Kong authorities seem adamant. For the moment, most legitimate businesses are required to shut down. That's quite a problem, unfortunately, although the authorities did allow potentially illegal products to be disposed of before harsh penalties were enacted. Official figures for CBD in Hong Kong even say more than 77,000 CBD products have been thrown in the trash.