CBD BOOST IN CANADA.
Last week, a panel of scientists consulted top health regulators in Canada that CBD is not a health concern in healthy adults and should be made widely available in the country without a doctor’s prescription. This consult comes 3 years after Health Canada first appointed these scientists to look into the manner. The Canadian health officials are not forced to take the opinion of these scientists but if they do, you can expect that Canada’s CBD market would look more similar to that of the U.S. “Paul Pedersen, CEO of Vancouver, British Columbia-based Nextleaf, which makes CBD and THC extracts for other manufacturers, estimates Canada’s current illicit CBD market to be worth about $4 billion a year.”
Eu continues to discuss cannabis reform.
Continued chatter in Europe on the topic of cannabis reform has taken another step. Government ministers from Germany, Malta, and the Netherlands hosted a meeting in mid-July to discuss adult-use cannabis regulation and the legal issues involved in market oversight. “This meeting may indicate the beginning of a much-needed multinational reform within the European Union”, said the CEO of Frankfurt. At the meeting’s conclusion, Germany, Luxembourg, and Malta adopted a joint statement, “The status quo is not a tenable option,” the three ministers said in a news release. Luxembourg Health Minister Paulette Lenert said after the meetings, “I am convinced that a paradigm shift is needed in cannabis policy, which must be based on the primary responsibility of adopting a coherent, balanced, and evidence (based policy), aimed at achieving the most beneficial outcome for society.” There is another unofficial meeting schedule for September for the health misters of Europe. It is believed that Germany is currently the closest country to getting cannabis adult use reform done, but the timeline for that is just rumors with some saying it could happen by the end of the year.
Watch out broadway.
Over the weekend, Nashville’s (and Tennessee overall) saw the opening of its first legal cannabis bar and restaurant. Buds & Brews opened up in Germantown and have menu options that include Buds Burger," a "Cannabis Club," a "Half Baked BLAT," as well as "Wake and Bake Tacos”. Craft Cannabis offers sauces made with locally grown and extracted hemp-derived THC. Each sauce contains 5mg of THC in each jar. It is amazing to see how much the social norm has changed over the years on this topic and even more impressive to think that it occurred with absolutely no oversight or reform in this market from the federal government.
