UK CBD food market situation
About 650 of the more than 800 applications from companies from all over the world submitted for obtaining a safety certificate for food products that they manufacture, which contain cannabidiol, were rejected by the Food Standards Agency. Only 4 companies "should be allowed to remain on the market until a decision is made to grant them permission." 43 products have received preliminary approval for the legal sale of food products containing cannabidiol for the UK market.
On the pages of the specialized electronic edition of national cannabis growers, the question of the safety of any product (food, cosmetic, additives, etc.) has been raised more than once, which contains extracts of any cannabinoids, or even more so their synthetic analogues. Due to the fact that in our country, for the most part, everything that cannot be sold in economically developed countries is sold, the information published about the situation on the UK CBD food market will clearly be of interest to our dear readers and listeners.
About 650 of the more than 800 applications from businesses around the world submitted for a safety certificate for their food products containing cannabidiol (CBD) have been rejected by the Food Standards Agency (FSA) in the UK.
Six months after the FSA set a deadline for certifying cannabidiol-containing foods to enable them to be legally marketed on the Foggy Albion market on the basis of the above document, only 4 companies were able to complete the procedure. According to the FSA, only three British companies and one from the Czech Republic "should be allowed to remain on the market until a decision is made to grant them permission." Another 213 applications are currently being processed.
Only 43 products have received preliminary approval for the legal sale of food products containing cannabidiol for the UK market. In particular, the FSA plans to provide the relevant documents that certify the safety of CBD products to 26 products manufactured in the UK, 11 in Ireland, 6 in the Czech Republic.
According to analysts from several European consulting companies, the UK CBD food market in 2021 could reach the € 800 million mark. The vast majority of companies that have already worked in the UK market, but have not received the appropriate safety certificates, will most likely have to leave it. In particular, companies awaiting Agency review of their documents say they will be forced out of business in the UK soon as retailers froze their plans to stock CBD products pending the release of the FSA's safe list.
Commentary of the specialists of the Association "Ukrainian technical hemp"
Like the European Union, the UK FSA has determined that foods containing CBD extracts are subject to new food safety standards that must be met before they can be marketed in the country. Companies that had cannabinoid products and were operating in the UK gray market as of 13 February 2020 had to submit their applications for new CBD products by the end of March this year, or remove them from the market. The roughly 650 products that fail the process will be prosecuted by UK law enforcement for trade standards if they are not removed from store shelves. The agency previously explained that “Consideration of applications for CBD products was rejected due to the fact that they were often incomplete or invalid; others were recalled by the applicants themselves ”. New Product Entry Applications in the UK first go through an administrative review to ensure that the paperwork is complete and in order; This is followed by a validation step to ensure that the product meets the safety requirements based on the toxicological analysis prior to its final assessment.
During the specialized round table " Exponential growth of the market for non-traditional therapeutically active elements of hemp " held as part of the training of the next course for students of " Hemp University ", several separate panels will be organized, where speakers will focus on the development of the global and national market for hemp supplements with significant therapeutic properties, CBD cosmetics, as well as the possibility of using the leaves and inflorescences of therapeutic hemp to improve the quality of animal feed.