How Do You Think CBD Potential Market Trend?

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  • How Do You Think CBD Potential Market Trend?


    1. The legalization of marijuana is simply divided into two categories: 


    1). Medical legality (purchased with a doctor's prescription) is similarly regulated as medicine.


    2). Recreational use is legal and similarly regulated as an alcohol product.


    There are 23 states and the district of Columbia that allow the sale of medical marijuana, including Colorado and Washington, two states that can legally sell recreational marijuana. In November 2016, California and Massachusetts passed laws legalizing marijuana.


    In 2012, Colorado and Washington became the first states to pass laws that made it perfectly legal to grow, produce and sell marijuana to adults. In recent days, New Orleans, Alaska and Washington, dc, have decided to follow suit, with a referendum scheduled for next week on whether marijuana is legal.


    The report said there was a widespread belief in the United States that whatever the outcome of the three regional polls would be a bellwether for the legalization of marijuana across the United States.


    2.On the afternoon of June 20, 2018, Canadian prime minister Justin Trudeau officially announced that Canada will legalize marijuana nationwide from October 17, 2018.


    3. The UK will carry out  medical marijuana this autumn. The home secretary, Sajid Javid, has allowed marijuana-derived drugs, which means British doctors will soon be able to legally prescribe marijuana to patients with certain conditions. 


    So far, the new legislation will incorporate several marijuana derivatives in schedule Ⅱ, allowing some hemp products being considered for potential medical use.


    4. Germany is also in the process of planning. As early as January 2017, the German federation passed the 

    << medicinal cannabis act >>. Meanwhile, the German government has set up an official agency to manage the cultivation and use of medical marijuana. However, due to various reasons, marijuana may not be available until 2019 or later. Currently, medical marijuana drugs in the German cannabis market are mainly imported. For example,more than 10 cannabis companies, including a number of Canadian  Aurora, Tilray, Cronos Group and Canopy Growth, have entered the German cannabis market. 


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    5.As mentioned in the WHO report:

    1). No adverse health factors are found in CBD. Naturally generated CBD, whether used in humans or animals, is safe and will not have a negative impact on public health.


    2).CBD will not produce psychoactive effects like (THC), and can mitigate the negative effects of THC. The world anti-doping agency will officially remove CBD from the list of prohibited substances, a decision that will take effect from Jan 1, 2018.This indicates that THC is a drug and CBD is a medicine.


    6. Marijuana is now legal in Britain, north Korea, Bangladesh, Uruguay, the Netherlands, Portugal and two American states, Washington and Colorado.

     


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