Enforcing bans in the current ever-growing CBD market will be costly. Moreover, given the economic downturn that EU countries faced in the post-COVID-19 era, Member States are unlikely to invest heavily in CBD-focused policies.
In addition, we already have countries like the UK that are deviating from the new EU food regulation. The UK Food Safety Association (FSA) already plans to launch its own independent food approval program in 2021.
Consequently, CBD producers will not have to worry about the EU’s decision to suspend the use of new foods. The program will allow UK operators to apply for CBD extracted from cannabis flowers, opening clear pathways to legitimate CBD sales.
On the other hand, the European Commission has yet to make a final decision on its recommendation as they are awaiting a vote by the UN Committee on Narcotic Drugs (CND) on an amendment to the 1961 cannabis treaty. Major proposals include removing cannabis category extracts and tinctures and clarifying the control of CBD products with less than 0.2% THC.
It is difficult to say when this vote will take place. However, one thing is certain; the decision will be very disruptive – not only for Europe but for the entire global CBD market.
However, the demand for CBD in Europe is constantly growing. While we await the regulatory verdict, it is always recommended to use CBD products from registered and trusted companies. Also, be sure to check third-party lab reports to confirm the safety and legality of the product before purchasing.