While CBD seems to be everywhere and do everything in North America, from treating anxiety disorders in pets to putting the glow back in your complexion, in Europe, it is just hitting the radar.
That’s probably because the legal framework in Europe surrounding CBD is so confusing. Each country in the European Union (EU) has different laws for CBD, despite the fact that they share the EU umbrella. Strain Insider has reported that the regulations between countries can be tricky.
Those regulatory challenges are holding back cannabis and CBD companies from making major inroads in the market. “Europe is difficult because you need to look at things on a country-by-country basis. What’s holding back the industry is the fragmentation. We are talking with major retailers. More regulatory clarity will fuel the growth of this industry,” says Frederik Hendriksen of Mile High Labs, a U.S. CBD extractor company.
The research firm Brightfield is predicting…