European Hemp Players Join Forces To Make Legal CBD Market A Reality
Europe's hemp industry is tired of operating in limbo and wants to secure a fully regulated CBD market as soon a possible. Industry players will pool resources and invest €3.5m to win novel food approval for a number of different CBD products.
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“We urgently need the adoption of an EU wide regulation on sound scientific THC limits in food,” insisted EIHA president and Hempro International CEO Daniel Kruse at the association's 18th annual conference, “Hemp for Europe: Emerging opportunities for the Green Recovery.”
Regular/full-spectrum and natural isolate CBD products marketed by the 180+ members of the European Industrial Hemp Association can remain on the UK market after clearing the first hurdle set by regulator FSA.
The European Commission has unexpectedly concluded that CBD should not be considered as a drug opening up the path to a regulated EU market for the cannabinoid as a novel food.