CBD News Aggregator

European Union CBD Oil news on EU CDB products, companies and law

The 2010s saw a wave of progressive thinking on CBD, THC and hemp products throughout the ountries of the European Union. By 2020, decriminalization of possession of small amounts of marijuana (typically five grams) had swept through Europe, with new laws enacted in Belgium, Croatia, Czech Republic, Estonia, Portugal (where *all* drugs are legal), Russia (no joke), Spain, Switzerland and, of course, the Netherlands.

Better yet, CBD oil products are legal throughout the European Union except for some reason in Slovakia. Greater and greater portions of national agricultures are devoted to hemp farming, and among the leaders in CBD oil product manufacture in the EU are Germany, Czech Republic, Denmark, the Netherlands and Poland – though Europe’s no. 1 and the world’s fifth-largest producer of hemp is France.

As of 2018, the European Union member states had reached 100,000 total acres dedicated to hemp farming; about half of this total acreage is in France. Following France in total acreage devoted to CBD’s origin plant are the Netherlands, Lithuania and Romania.

The EU has an active hemp market, with production in most member nations. Production is centered in France, the Netherlands, Lithuania, and Romania. Though France in particular has long encouraged hemp growing, recent demand for CBD oil and cannabis products has resulted in a crazy 250% increase in hemp production between 2010 and 2018. Business is going well enough that hemp farmers may soon no longer need EU subsidies which had propped up the hemp farming industry since the 1990s.

In terms strictly of the CBD oil products market, the Orian Research Group estimated the total market value of the EU CBD market at nearly €450 million, or over 30% of the total global market value. The Global Wellness Institute (GWI) reported in the same year that the European CBD market was expected to be worth at least €1.5 billion by 2023.

Though the European market for CBD is as yet smaller than North America’s, the EU model of subsidizing and distribution could well work in other parts of the world, and the fact that the Union considers support of hemp farming to be an environmental issue should cheer “benevolent capitalists” concerned about Earth’s future.

Check back on this page of CBDnewsAggregator to follow the fast-moving world of CBD oil products in the European Union.