Hong Kong jails first person under CBD ban

  • 📰 TODAYonline
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

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

But the Chinese finance hub in February made it a crime to own, consume or sell CBD, placing it in the same legal category as heroin, cocaine and methamphetamine.

Hong Kong customs said the jail term"reflects the seriousness of the offence and serves as a clear warning to the general public". Hong Kong officials say CBD must be banned because it could be converted into the illegal compound THC, the main psychoactive constituent of cannabis.Yet CBD remains popular around the world, with gummies, coffee, beers and beauty creams all part of an industry expected to be worth US$47 billion by 2028, up from US$4.9 billion in 2021.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong jails first person under cannabis compound CBD banHONG KONG: A 32-year-old woman was jailed on Friday (Jul 7) for bringing cannabidiol (CBD) into Hong Kong, the first criminal conviction under the city's recent blanket ban on the substance. CBD - a non-psychoactive derivative of the cannabis plant - is touted by its users as reducing pain, stress
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong raises maximum mortgage available for homes valued up to $3.8 millionHONG KONG : Hong Kong is raising the cap on loan-to-value (LTV) ratio for properties worth up to HK$30 million ($3.83 million) for self-use homebuyers, the Hong Kong Monetary Authority (HKMA) said on Friday, the first relaxation of tightening measures for home transactions since they were implemented in 2009.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong hipster burger chain Honbo to open first S’pore outletThe burger chain, founded by a former doctor, serves burger patties freshly ground in-house and wedged between potato milk buns created in collaboration with famed French baker Eric Kayser.
Source: TODAYonline - 🏆 1. / 99 Read more »

Hong Kong police arrest four men accused of aiding overseas activistsHONG KONG: Hong Kong national security police on Wednesday (Jul 5) arrested four men it accused of supporting overseas dissidents and of advocating for independence from China, two days after issuing warrants and bounties against several foreign-based activists. The four men 'were suspected of receiving fu
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Chinese rush to buy Hong Kong insurance, dollars as confidence cracks, yuan weakensSHANGHAI/HONG KONG : Chinese investors are rushing offshore to make dollar deposits and buy Hong Kong insurance in a signal domestic confidence is languishing and that the ailing yuan faces more pressure.The outflows highlight deep-seated concern about the state of China's economy as its much-awaited pand
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Hong Kong police arrest 4 men accused of aiding overseas activistsThe police statement did not give the names of the detainees. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »