The Growth of CBD in Hong Kong 

It seems that in Hong Kong especially, the growth of CBD has been explosive—and this should come as no surprise. After all, Hongkongers have a long history of using natural herbal remedies to cure a variety of ailments themselves. The use of CBD (to do much the same) can be seen as a natural extension of this millennia-long tradition. In this way, the explosive growth of CBD use in Hong Kong was wholly foreseeable.

You can find CBD in a variety of products in Hong Kong, where it is often used for therapeutic purposes. In HK, CBD uses range from additives for food and drinks to its use as a therapeutic ingredient in face creams and balms. It is available in many different tinctures and CBD oils as well.

But there is more to the growth of CBD than just the sheer number of products that are available, though the scope is impressive, it is just one piece of the puzzle. Below we will look at the CBD space in Hong Kong in greater detail, giving newcomers and veterans alike a taste of the unique characteristics of the famous city’s clientele.

 Why CBD is Gaining in Popularity in Hong Kong

As noted above, the rise of CBD in Hong Kong makes a lot of sense thanks to the long tradition of herbal medication found in this part of the world—and in Hong Kong specifically. Hongkongers are highly educated and motivated users of a host of herbal remedies to self-treat a series of ills, often with great success. It is into this market that CBD can be widely seen as an extension of prevailing practice.

Since CBD was legalized in the territory in 2018, most of the early market success has been focused on CBD-infused food additives, such as a CBD-infused beer produced by Young Master that regularly sells over 10,000 units a month. And while CBD is still banned in the larger Chinese market, many tourists visit Hong Kong and bring with them a natural curiosity for CBD and its benefits. Tourists from the rest of the PRC alone were in excess of 40 million visitors in 2019—a potential audience of millions.

The Basics of Hong Kong’s CBD Market

So, at this point, you’re probably rearing to enter Hong Kong’s CBD market yourself. Of course, that can be easier said than done for many newcomers to the marketplace. Hong Kong consumers are savvy and have tastes that can change in an instant. This makes breaking into the Hong Kong market difficult for the uninitiated. 

Luckily, there are steps one can take to ensure a smooth entry into the Hong Kong marketplace. We’ve highlighted a few useful tips below:

• Study the Hong Kong CBD consumer: Many new businesses go bust for one simple reason, they fail to understand their consumer’s tastes and needs. This is especially true in the lucrative, yet cutthroat, Hong Kong market. After all, Hongkongers are some of the most well-informed, and wealthy, consumers on the planet. They tend to spot gimmicks from a mile away and prefer quality over quantity. A quality CBD partner can help guide you through the ever-shifting sands of Hong Kong’s tastes.

• Find the right CBD partners: One of the easiest ways to ensure success is to find a reliable partner who understands the CBD space in HK. This can be a CBD wholesaler, a white label manufacturer, or a branding and marketing firm with lots of CBD experience. Sometimes you can get lucky and find an outfit that can help with all three, making launching your own CBD enterprise much easier.

• Be prepared for paperwork: Be prepared to take some time to understand all the regulations that govern CBD in Hong Kong. One particular point of emphasis from the Hong Kong government is that CBD products in the territory must be completely free of THC, the psychoactive element of the cannabis plant.

• Fill holes in the market: As mentioned above, tastes change rapidly in Hong Kong, agile firms can use this to their advantage. In Hong Kong, it pays to be first, but second and third aren’t a bad place to be either. For anyone looking for assistance in navigating this space, a good CBD partner will be invaluable in helping to steer you through the myriad cultural and regulatory hurdles.

• Don’t forget about the mainland: Hongkongers typically differentiate themselves from what they consider “Mainland” Chinese, but visitors from the rest of the PRC make up a huge amount of Hong Kong’s consumer dollars. This is because Hong Kong is still a popular place to visit—and in the eyes of many—one of the premier places in the world to shop. So, while CBD is prohibited elsewhere in China, this doesn’t mean you should forget about the mainland market already in Hong Kong!

The Best CBD Partners for Hong Kong

So, now that we know a little bit more about some of the ins and outs of Hong Kong’s CBD market, let’s take a look at a few partners that can be invaluable in helping start-ups gain a foothold in the competitive CBD space. The companies listed below are both highly recommended for both their quality CBD goods and service. Let’s look at each in a little more detail.

Joy Organics – CBD Wholesaler, White Label Services, and Private Label Manufacturer, CBD Marketing and Branding Experts

Joy Organics is one of the most well-established CBD brands in the world, and they’ve recently unveiled their plans to expand their footprint in the Hong Kong market as well. Anywhere Joy Organics operates, they are known for high-quality CBD products as well as having an intimate understanding of their consumers and marketplace.

Joy Organics is a great partner for the Hong Kong marketplace thanks to their years of experience when it comes to building CBD brands all over the world, boasting relationships with over 4,000 retailers in the US alone. And Joy Organics has already shown early success in Hong Kong, with 10 locations already selling their CBD products.

What you’ll like about them: The reason why Joy Organics is so successful can be chalked up to the uniformly excellent CBD products that they offer. With formulations that are made with certified organic ingredients, as premium THC-free hemp. 

Something to consider: Joy Organics offers wholesale opportunities to markets that include the UK, Mexico, South America, Australia, and Canada, in addition to Hong Kong. 

Sunny Skies CBD – CBD Manufacturer

Sunny Skies is a US-based CBD manufacturer that ships a wide range of cannabidiol goods to both retailers and clients based in Hong Kong. They utilize a vertically integrated process to produce a quality product at affordable prices. 

What you’ll like about them: Sunny Skies already ships directly to retailers and consumers in HK, so they are already familiar with the rules and regulations that oversee doing so.

Something to consider: While Sunny Skies can ship to Hong Kong, pricing encourages larger minimum orders, which may be out of reach for some startups. Free samples are available—with the requester paying the price of shipping.

We’re Always Here to Help!

There you have it, almost anything a newbie would want to know about the CBD market in Hong Kong. We hope that you’ve enjoyed learning more about what the CBD marketplace is like in HK, as well as some tips, tricks, and partners that could make any entry into it easier.

Have more questions about wholesale CBD Hong Kong? Please don’t hesitate to reach out! And, as always, thanks for reading!