Medical Marijuana Inc. Claims First CBD Supplement Approval In EU
Bulgaria has granted US-based Medical Marijuana Inc. the right to sell CBD as a supplement in a first for an EU country. The move, which will see CBD regulated as a traditional food, puts Bulgaria directly at odds with the European Commission, which recently classified the cannabis plant extract as a novel food.
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Medical Marijuana Inc. says claims that it has lost its licence to sell CBD as a food supplement in Bulgaria are incorrect. The firm tells HBW Insight it has in fact been granted additional approval to export CBD products from Bulgaria to Russia.
The UK's cannabidiol market, which according to the Cannabis Trades Association is the largest in Europe, awaits clarification on the legal status of CBD-containing food supplements. Meanwhile, major retailers like Walgreen Boots Alliance are stepping into the space with branded products.
Cannabis trade association CannaPro is threatening legal action against the UK's Food Standards Agency for its response to moves by EU regulators to classify CBD as a novel Food. The FSA's handling of the situation is negatively impacting business, states CannaPro, which has warned the agency it will sue for damages.