Hong Kong bans flourishing CBD business, following Beijing’s lead

Now, however, possession and consumption of the substance will be subject to a maximum penalty of seven years in prison and a fine equivalent to $127,000.Authorities said CBD can be converted into tetrahydrocannabinol, known as THC, the chemical responsible for most of marijuana’s effects and deemed harmful.

“The positive reactions from the thousands of visitors to Found, both offline and online, proved to us that the need for a natural health alternative is real and that CBD could help cope with the stresses of daily life,” the Found team wrote in an InstagramFiachra Mullen, chief marketing officer for Altum International, which owns Found, said the cafe experienced a 20-fold growth in business since its opening — though he did not provide precise financial data.

“It’s regrettable that the government banned an industry with such bright business prospects promoting wellness,” she said. “But it’s great that the public perception on the definition of drugs shifted.”Albert Chung, clinical assistant professor at the University of Hong Kong’s department of psychiatry, however, said there was insufficient clinical evidence to support whether CBD can relieve stress and prevent eczema, saying it might be more of a “placebo effect” for individual users.

This is another proof that Hong Kong is moving away from the world. Indeed it can give pretext for CCP to detain people, especially overseas travelers in Hong Kong, without political charges like the two Michaels from Canada. Watch out!

It helps them through their day😏With all that’s looming in the future😒🫢😐😢

Did Hong Kong get tired of having tourists bring money into their economy? This is so absurd. People on one side are questioning whether CBD does anything at all while the nutjobs in HongKongTourism will put you in jail for 7 years.

tobaccoindustry making it’s power plays

Too bad you can grow it in your bedroom closet rather easily.

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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. 😲 You hear that brittneygriner According to the DEA marijuana is still in the same class as Heroin and LSD🤷🏿‍♂️
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