Weekly News Digest: June 4, 2021

What is Friday for you? Is it the end of your working week, or just another ordinary day? If you follow our blog, you may know that here, Friday is the day of the Weekly News Digest. Today, we have the first summer edition, giving you the best info on CBD from the last seven days.

1. France legalises CBD products after European Court rejected potential ban

Starting our journey in France, where the country will now allow products made from CBD, but the sale of dried flowers and leaves will remain prohibited. This is related to the rejection of the “light cannabis” ban by the Court of Justice of the European Union (CJEU) last November. The new rules permit the cultivation, import, export, industrial and commercial use of hemp applied to “all parts of the plant” if it contains under 0.2% THC. However, floral tops or raw leaves for smoking or in herbal tea are still prohibited, as are products incorporating raw hemp.

2. A European organisation launches the largest scientific study ever of CBD and THC products

The next piece of news touches not only the European continent but the whole world. As the source says, The European Industrial Hemp Association (EIHA) has launched the largest scientific trial ever of products with natural or plant-based CBD and THC, involving 200 people and funding of 1.6 million euros. The object of the research is to demonstrate to the European Union that the detected traces of THC are safe for humans. The first results are now expected by this summer. We are monitoring the situation.

3. A US bill proposes making hemp-derived CBD products legal in food and drink

Moving on to the other side of the Atlantic. Three US Senators, Ron Wyden, Jeff Merkley and Rand Paul, have proposed a bill to legalise CBD products derived from hemp as ingredients in food supplements, food and drink. The Hemp Access and Consumer Safety Act directs the US Food & Drug Administration (FDA) to update the rules to clear a regulatory grey zone.

4. Australian medicinal cannabis market is expected to exceed growth expectations by 2021 and reach 200 million dollars

News from the green continent: As the report by FreshLeaf Analytics says, the Australian medicinal cannabis market is continuing to grow strongly and is anticipated to exceed growth expectations this year, more than doubling to 200 million dollars from about 100 million dollars last year. The number of active patients is estimated to grow up to 75000 by the end of this December, up from 30000 at the end of 2020 and 45000 by the end of the first quarter of 2021.

5. South African finance minister calls for full legalisation of cannabis

Today, we would like to finish in Africa. Tito Mboweni, Finance Minister of South Africa, has called for the full legalisation of cannabis. He said, “The main thing is for parliament to change the necessary laws so that cannabis can boost the economy.” What will come next? Follow our digests as we are keeping track of the situation.

Final thoughts

We hope that today’s Weekly News Digest has given you a little more knowledge about the current CBD situation around the globe. Stay with us, and keep an eye on the latest CBD and CBD-related world events.

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