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Bangkok Post
Bangkok Post
Business

Hong Kong’s ban on CBD products leaves companies facing ruin

Cannabis in butter is seen during a process of making cannabis snacks at a shop in Bangkok on July 16, 2022. In Hong Kong, law enforcement authorities plan to ban CBD or cannabidiol, a substance derived from cannabis and its close relative, hemp within 2022. (Photo: Reuters)

As Hong Kong takes its first steps towards cracking down on cannabidiol, businesses specialising 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. 

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