Cannabis Weekly, CBD, Hemp Seed Oil, Hemp Flowers and more..
The legalisation of cannabis is one of the most frequently debated topics of our time and now with EU going against the trend and considering The European Union’s Novel Food Regulations.
This is what happened;
"At present, a novel food application for CBD is under consideration with the European Food Safety Agency (ESFA), to authorise the use of CBD in food supplements for adults with a daily intake of up to 130 mg. The opinion of the ESFA is expected from March 2019. If the application is successful, the European Commission must draft an implementing act authorising the use of the product within seven months.
Until a further update from the EU, consumers, vendors and manufacturers may find that the sale of CBD oils, supplements and food is disrupted."
However, we heard one good news for the industry that UK Cannabis Trades Association Challenges the EU’s CBD Classification.
Products like CBD oil, also known as cannabis oil or cannabidiol, have soared in popularity. According to the Cannabis Trades Association UK, the number of cannabidiol consumers shot from 125,000 in 2017 to 250,000 in 2018.
What does this mean to CBD producers specifically?
The first, takeaway is that Europe is going to regulate this industry and find as many ways to root out exceptions and loopholes as fast as the industry can try to see them. That means that product production lines also need to be as flexible as possible in sourcing, not to mention batch production.
The second, however, is that this is such a threat now to the development of any kind of CBD industry across Europe that the “industry” such as it is, is also currently developing strategies to try to attack it.
The third, it is clear that the EU including the UK are going to fall behind North America and lately the South Americans at a much faster rate. I went to Spannabis and met a group that works with CleverLeaves a vertically integrated Colombian pharma grade medical marijuana and a prominent Sugar farmer that is producing hemp flowers at $200 per kg with the first crop in December. That is 1/10th of the price in EU or North America!
People buying Cannabis for Medical Reasons;
There was a great article in iNews that over one million people buy cannabis for medicinal reasons, but only 80 NHS patients have got cannabidiol with eight private prescriptions. Read more ...
Families “driven to criminality” to access medicinal cannabis as doctors refuse to prescribe the drug because they are not given the room to do so mostly to comply with existing practice insurance. Read more..
In Spannabis I met with representative of MEDCAN from Valencia a private clinic oppening its door to Spanish Market later in the year and explained that there are senarios that one requries higher THC content than allowed in most of the European Countries at <0.2%. The benefits of THC cannot be ignored. Medcan will be providing Medical Consultation with specialsed doctors in endocannabinology and can issue medical reports.
We all know that fully complied FDA approved medicine can also have side effects and in many cases with significant impact on the wellbeing of the patient if prescribed for an extended period. Therefore if there is a natural product that provides some help, then it must be allowed.
Currently, only doctors registered on the General Medical Council’s specialist register, and who have the relevant specialist knowledge and expertise can prescribe cannabis-based products to patients in situations where there is an unmet clinical need. Read more.
Here in UK Jersey Evening Post reported more news on Jersey granting the license for Cultivation and JERSEY must now push forward for medicinal cannabis to be prescribed to Islanders who need it, a States Deputy has said following the recent granting of licences for cultivation. Read more here.