From February 1 this year, Hong Kong has banned the production, offer, sale, import, export, and possession of cannabidiol (CBD) products and solutions, including cosmetics and meals. Any individual who violates the rule would be dealt with significant penalties.

With CBD classified as a “dangerous drug” in the nation, cosmetics businesses that had turned to Hong Kong soon after the ban in China​ two a long time back found by themselves in a predicament.

Prior to the new regulation, CBD was used in a huge selection of cosmetic products and solutions offered in Hong Kong, including facial serum, lip balm and body lotion.

“The ban has forced many CBD firms to take out the merchandise from their cabinets, transform their corporations, or close down absolutely,” ​Hedy He, Cosmetic Regulatory Analyst at ChemLinked, instructed CosmeticsDesign-Asia​.

While a massive vast majority of companies ceased functions, a few have picked to pivot. One of them is C-Hemp, which has turned its shop in the Central district into a attractiveness salon identified as Luxtique.

Between superior-profile corporations that have shuttered is Discovered, the initially CBD cafe and retail retail store in Hong Kong, which stocked CBD-made up of human body balms and massage oils.

Owned by Altum Global, the firm experienced reportedly professional a 20-fold advancement in business since its opening in July 2020 but has now shifted its focus to other marketplaces like Australia and New Zealand, where individuals are authorized to purchase CBD products albeit with limits.

On the very same notice, Hedy stated that CBD firms could search to marketplaces this sort of as Japan and South Korea, which have proven potential for progress.

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