• September 21, 2020
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  • Mapped: The European CBD Landscape in 2020

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    To say CBD has risen in popularity over the last decade is an understatement.

    Not only have CBD consumer products rapidly infiltrated a long list of industries, new research discoveries continue to prove their therapeutic benefits. By 2023, the European CBD market is estimated to reach €1.4 billion.

    However, a big problem remains—there is an incredible amount of uncertainty surrounding what is legal, and what isn’t. The above infographic from Elements of Green sheds some light on the innately complex legal status of CBD products in Europe.

    Europe graphics

    Europe graphics

    The Great CBD Debate

    CBD—short for cannabidiol—is a non-psychotropic compound produced by cannabis plants.

    While most European countries have legalised it in some way, the caveat for many is that it must be extracted from industrial hemp, thus containing less than 0.2% THC—the intoxicating compound also found in cannabis. On the other hand, countries such as France and Norway only permit CBD isolate (the pure form of CBD) with no THC.

    In 2019, the European Food Safety Authority (EFSA) designated CBD products as a novel food. This means that companies should seek authorisation to bring products to market, although it is not required by law.

    However, the industry has now hit a fork in the road, as the European Commission (EC) recently announced it will be suspending applications for novel foods status while it determines whether or not certain CBD products should be labelled as narcotics instead.

    Read full article here: https://www.visualcapitalist.com/european-cbd-landscape-in-2020/

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