What happened: China’s National Medical Product’s Administration has now formally banned the use of cannabis compounds in cosmetics. This follows a proposed ban in March and Chinese retailers have been urged to remove any CBD cosmetics from their shelves. However, products imported or produced before May 28 can still legally be sold. In 2015, a beauty ingredients regulation stated that cannabis fruit and seeds were allowed to be used as components of cosmetic products. Since then, the demand for CBD in the beauty category has been slowly growing in China. Now, all mentions and hashtags of CBD have already been removed from platforms like Weibo and Little Red Book. 

The Jing Take: China’s CBD market size reached about $118 million in 2020. Simpcare, a major local CBD player founded in…



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