Global Revenues For Cannabis Sensual Lubricants
February 16, 2020
Digesting the U.K.’s Guidelines for Ingestible CBD, and Impacts for the Industry
February 23, 2020Global Revenues For Cannabis Sensual Lubricants
February 16, 2020Digesting the U.K.’s Guidelines for Ingestible CBD, and Impacts for the Industry
February 23, 2020
- This month, the U.K.’s Food Standards Agency (FSA) announced that CBD companies failing to submit products for Novel Foods designation by March 31, 2021, would see them pulled from shelves.
- As the first country with a governmental plan to regulate CBD as a food/supplement, it offers a benchmark for other markets.
- The FSA’s Novel Foods Regulation applies to ingested goods (including CBD oil and capsules plus food and beverages), but not cosmetics, personal care products, or vaporizers.
- A majority (71%) of U.K. consumers’ favorite CBD products will be affected by the regulations, most notably CBD oil (preferred by 51%).
- One-quarter (25%) of British consumers will not see their favorite CBD products impacted by the law; flower (preferred by 3%) remains illegal.
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