UK: David Hardstaff And John Binns Write For Open Access Government Exploring Shifting Sands In The UK CBD Industry
CANNANNEW REPORT

13 May 2022 by John Binns and David Hardstaff BCL Solicitors LLP UK-based CBD companies may feel they have had a rough ride of late. From operating within a light-touch regulatory regime, founded on the belief that CBD products were no different to any other readily available food supplement, the closing drawbridge that is the Food Standards Agency’s (FSA) novel food application process has been a shock to the industry’s system. The process, which requires non-medicinal CBD products to be the subject of an application for authorisation has caused a stir within UK-CBD stocks and laid bare the industry’s reliance on white-label goods. This has left many querying the real value behind some of the glitzy, celebrity-endorsed brands dominating the CBD landscape. The longer-term consequences of the clampdown are difficult to predict. When announcing the publication of its list of products which have submitted a valid novel food application, the FSA confirmed the role of enforcement authorities and that it had recommended to local authorities that any products not on the list should be withdrawn from the market. Such products would be deemed “unsuitable for progressing to authorisation” or, in other words, dead in the water. As one door closes, another opens The UK CBD industry has, to date, catered to a wide variety of consumers. CBD can be found in a diverse range of products, from dog food to cosmetics. One of the largest and arguably sustainable customer bases, however, is consumers with some sort of health or therapeutic need for which they are unable to access medicinal cannabis. One potential consequence of the FSA’s drive to rein in the UK’s CBD industry is reduced access to the previously available wide range of products. By 2022, it is now difficult to find a high street or retail centre between John o’ Groats and Land’s End…

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Source : UK: David Hardstaff And John Binns Write For Open Access Government Exploring Shifting Sands In The UK CBD Industry

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