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Hong Kong’s Ban on CBD Products Leaves Companies Facing Ruin

  • Cannabis-derived compound likely to become illegal before 2023
  • Consumers claim non-psychoactive CBD relieves stress and pain
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WATCH: Hong Kong’s proposed ban on CBD products could mean the end of the road for many businesses in the city.Source: Bloomberg

As Hong Kong takes its first steps toward cracking down on cannabidiol, businesses specializing in CBD-infused beers, coffees and other products are scrambling to work out what comes next.

An unregulated market in goods containing the cannabis-derived compound has flourished since the city’s first CBD cafe, Found, opened in July 2020. The Asian financial hub now has dozens of cafes and shops selling CBD, but a government proposal to ban the substance before the end of the year puts those enterprises in jeopardy.