Seoul Gazette - Hong Kong bans CBD, ranking it alongside heroin and cocaine

NYSE - LSE

CMSD	0.27%	22.32	$
CMSC	0.04%	22.34	$
NGG	-0.33%	81.57	$
RBGPF	3.42%	62.87	$
GSK	-1.55%	52.23	$
RELX	-2.74%	32.84	$
RYCEF	5.91%	18.11	$
BCE	-0.99%	24.04	$
RIO	0.51%	105.89	$
BCC	0.63%	71.59	$
AZN	-0.83%	177.27	$
JRI	0.89%	12.78	$
VOD	-3.53%	15	$
BP	-2.86%	41.59	$
BTI	-2.06%	61.06	$

Hong Kong bans CBD, ranking it alongside heroin and cocaine

BOULEVARD 01.02.2023

A new law criminalising the possession, consumption and selling of cannabidiol (CBD) in Hong Kong came into effect on Wednesday, placing the substance on par with heroin in terms of legal classification.

Text size:

CBD, a non-psychoactive derivative of the cannabis plant, is touted by its users as reducing pain, stress, anxiety and inflammation.

Hong Kong authorities, however, have said those claims "lack authoritative scientific proof" and have justified their ban by arguing the products could be converted into the intoxicating compound THC, which was already illegal in the city.

Penalties include possible life imprisonment and a fine of up to HK$5 million ($638,000) for importing, exporting or manufacturing CBD, which joins more than 200 other "dangerous drugs" that are prohibited in the territory.

Possession or consumption could lead to seven years in prison and a HK$1 million ($128,000) fine.

Globally, the popularity of CBD-infused products has surged in recent years, with gummies, coffee, beers and beauty creams all part of an industry expected to be worth $47 billion by 2028, up from $4.9 billion in 2021.

CBD is legal in the United States and parts of Europe, as well as in some Asian nations such as Japan and Thailand.

In Hong Kong, authorities gave businesses and residents three months to discard any potential contraband before the strict penalties came into effect Wednesday.

Around 77,400 items had been offloaded at government bins as of Sunday, according to official data.

Customs officials last week reminded consumers to beware of products branded with hemp leaves, and on Wednesday ran full-page newspaper ads saying: "Anything with CBD? No way!"

- 'Step backwards' -

The new regulations have impacted vendors in the recession-hit financial hub, even forcing some shops to shut completely.

"We had to stop selling a best-selling beer and we still get customers calling to ask about the product daily," Chris Wong, co-founder of the HK Brewcraft store, told AFP.

Cafe Found, which billed itself as the first in the city to offer a range of CBD-infused foods and drinks when it opened in 2020, shut in September, and Yardley Brothers Craft Brewery said it was forced to ditch a popular line.

"It feels like a bit of a step backwards for HK," Luke Yardley, the company's founder, told AFP.

While many countries have moved to legalise the substance, mainland China banned CBD in 2021.

In November, a veteran social worker questioned in Chinese-language newspaper Ming Pao whether the government had a solid basis to correlate CBD with drug abuse or if it was simply following the mainland's lead.

The city's Security Bureau accused the author of "sowing discord" between Hong Kong and China.

F. Schulze--BTZ

Featured

Eight dead in fiery US bomber crash in California: military

Eight people died when a US B-52 bomber crashed and erupted into a catastrophic fire shortly after takeoff at an air force base in California on Monday, officials said.

'They want to destroy us': Shock and anger as Russian attack sets Kyiv cathedral ablaze

Father Makariy, a high-ranking clergyman at Kyiv's Pechersk Lavra monastery complex, was woken at around 5:00 am with a huge roar -- the cathedral at the heart of one of Orthodox Christianity's most important sites had been set on fire in a Russian attack.

Burnt-out Indonesians beat the blues with children's games

Flushed and sweating, 31-year-old Annisa Enggracia Fidel runs back and forth to defend her fort from invaders -- hundreds of fellow adults all beating the blues by playing a nostalgic Indonesian children's game.

Greek fishermen struggle to keep up with pufferfish invaders

On his fishing boat moored in the Greek port of Ierapetra in southwestern Crete, Alexis Charlambakis pries open the mouth of a freshly-caught pufferfish to reveal two massive teeth on each jaw.