Police Make Record Seizure Of Cannabis Buds
"); jQuery("#212 h3").html("

"); });
2022-09-18 HKT 13:22
Police on Sunday announced the seizure of around 900 kilos of cannabis buds during a recent anti-narcotics operation, the largest haul of the drug on record.
A kilogramme of methamphetamine was also found in the raids, pushing the total value of the illicit drugs seized up to over HK$100 million.
Officers said the drugs were found in three industrial buildings in Tuen Mun and San Po Kong.
They are believed to have been shipped into Hong Kong from North America, packaged as construction materials, before being stored in the industrial premises.
Two men were arrested in connection with the haul, and will appear in court on Monday.
Narcotics Bureau superintendent Lau Kai-pang said he's noticed increasing demand for cannabis among young people.
"We see that cannabis has become one of the popular cultures, which is wrong, among the youths. And that explains why in quite a lot of entertainment premises, they have been promoting the use of cannabis," he said.
He added that some may underestimate the harm of cannabis as a number of countries and states have legalised the drug for recreational use.
"We see that this is a trend since the legalisation of cannabis in some overseas countries. This explains why there has been an increasing amount of cannabis seized," Lau said.
Manulife Names Wilton Kee As CEO For Hong Kong And Macau
Manulife has appointed Wilton Kee as the new Chief Executive Officer for its Hong Kong and Macau operations, effective ... Read more
Banks Are Not Ready For AI | Singapore AI CxO Roundtable
In this exclusive roundtable jointly hosted by Fintech News Network and Alteryx, senior banking leaders in Singapore sh... Read more
Mizuho Bank To Invest In Rakuten Bank In October
Mizuho Bank will shift its investment into a 5.81% stake in Rakuten Bank, according to Japan Today. The move allows the... Read more
Forthright Subsidiaries Secure SFC Approval For Virtual Asset Services Across 3 Licenses
Forthright Securities and Forthright Capital have received approval from the Securities and Futures Commission (SFC) to... Read more
SFC Names Elisa Ng To Lead Investment Products, Reappoints Lisa Chen
The Securities and Futures Commission (SFC) has appointed former J.P. Morgan Asset Management executive Elisa Ng as its... Read more
Mastercard And JD.com Partner To Expand Cross-Border Payment Options In China
Mastercard and JD.com have entered a strategic partnership to develop cross-border supply chain finance tools for busin... Read more
