CBD UK - Change is Coming

Posted by admin 16/02/2020 3 Comment(s)

CBD UK Novel Foods

CBD sales in the UK have grown at such a rate that there are now over 1,000 UK brands. 5 years ago, there were less than a dozen as the original CBD companies like Love Hemp, Cannabidol and Charlotte's Web became million-dollar companies. Love Hemp recently sold to an American company for over £9m. This just go to show how the CBD industry has grown.

Because the government never really anticipated how much the CBD industry would grow, and how so many people would eventually swap from pharmaceuticals to this new "alternative" natural plant compound, something was bound to change. The lost revenue to these large Pharamceutical companies was never going to be popular and the clock began ticking.

In Feb this year (2020), the Food Standards Agency (FSA) released a statement saying that as from 31 March 2021, all CBD can only be sold by companies that hold a "Novel Food" license. Costing an approx £250k, this is a clear attempt to kill off the smaller CBD companies and force anyone selling CBD to have to purchase it from a monopoly of large CBD manufacturers. The government (via the FSA) will control who can (and can't) attain a "Novel Food License". Not only that, the FSA can also charge whatever it wants for annual renewals of the NF license if it decided it wanted to.

The new NF regulations are welcomed in some respect as hopefully it will remove the "snake oil" untested, fake %, potentially dangerous CBD oil sellers but it will also affect genuine, honest compliant companies.

Many trade bodies like the Cannabis Trades Association (CTA), have argued that CBD full plant extract should never have been classified as "novel" as it had been around for thousands of years. It now looks likely that their fight is over and it's time to hang up those gloves.

The CBD industry future is very uncertain for so many decent companies now and the next 12 months will either make or break most of them.

To be continued.

3 Comment(s)

ellen Johnson:
17/03/2020, 12:06:59 AM
Reply

Does this mean the supply of canned capsules and oil may be jeopardized after next year? This sounds worrying

CBD UK:
13/07/2020, 06:07:49 PM

Hopefully, companies are going to get some products approved. We'll know more by the end of the year

Maurice Hennequin:
13/11/2020, 05:06:51 PM, http://www.foliumeurope.com
Reply

It will not cost 240k for a license, which is a few hundred or thousand at most. The costs involved in preparing a valid application are in respect to first party safety studies (no using existing studies) among other things. This is for the actual producers of the raw extract which is the primary ingredient in all subsequent formulations (most often with carrier oil). The companies that buy those raw extracts (from companies such as ours) which I call formulators can piggy back off the application made by the principle applicant. They will need some self studies and a few other elements, but certainly not prohibitive. Interestingly there are not as many "snake oil" untested, fake %, potentially dangerous CBD" as yo seem to suggest. Many reputable companies have been caught out with incorrect concentrations. If you buy from a reputable supplier using GMP level compliance the analysis provided with products purchase (at least in the trade) will be consistent with any 3rd party analysis. So the term "tested" might not be the precise word but more analyzed. However often those test do not comprise heavy metal testing or pesticides. I'm not sure what is meant by "potentially dangerous CBD" that sounds a bit sensationalist. The professional associations lack a precise understanding of the EU Novel Foods regulation. CBD full plant extract HAS NOT been around for thousands of years. The hemp plant has the the use of the stem and seeds have been used either to manufacture cloths and constructions, with the seeds being cold pressed to produce simple hemp oil. CBD is concentrated in the. It is the hemp flower that contains the concentration of CBD and such flowers are potentially problematic as they also contain much of the THC. Hemp in Europe was largely grown for industrial purposes not for CBD as a consumable. CBD as a food did not exist prior to 1991 which is a condition of the Novel Foods legislation. Furthermore the means of extraction (or formulation) is also taken into consideration and it is questionable whether some of the extraction processes for CBD existed prior to 1991, such as CO2 or ethanol. I think where the greater problems lye in this industry is the amount of misinformation put out by retailers (who are looked upon as professionals by the consumer) because they tend to copy past information from each other rather than undertake primary research and employ lawyers and other professionals to correctly advise them. But in a gray market as this is, it may be more convenient to plead ignorance than actually be correctly informed.

Susan Massie:
22/03/2021, 10:56:54 AM

Hi Maurice Are you on Linked In. Very interested in developing my knowledge of CBD Oil and would welcome a contact from you

Maurice:
13/11/2020, 05:10:53 PM
Reply

I'd appreciate it if you'd remove my comment I would have preferred to provide you with this information by email but there is none provided. Thanks. MH

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