The very first “CBD Show” organized in Paris, in the midst of a period of legal uncertainty.
The CBD market has been booming in recent months, not only in France but also throughout Europe. In 2023, it will possibly be estimated at €1 billion . However, there is still a “legal vagueness” regarding the marketing of this legal cannabis, which could be clarified in the coming weeks. In the meantime, professionals from the trade met in Paris for the first “Salon du CBD”, on October 18 and 19 this year.
CBD is now found in all forms: oils , cosmetics, candies and food, and more commonly, in dried flowers ready for combustion. Mahaut Aoste, director of the High Society brand, confirms this in his words: “ I think we have just suffered 60 years of prohibition. If you forbid a child from eating candy, the only thing he or she will want to do is eat candy. There is a craze [for CBD] because the product works and it is very easy to incorporate into daily consumption. “
According to the latest figures dating from October 2021, more than 700 CBD stores and sellers are listed in France, triple the number compared to last year. Mr Aoste confirms that he opens them regularly in France and throughout Europe: “ We have around 200 stores, over 4 years of activity, and we have been opening between 5 and 15 per month for several months” .
The CJEU's decision in 2020 helped the sector. In effect, this decision prohibited France from banning the importation and sale of CBD products. A relief for all market players, and especially Raphael Freuin, who has been banking on the sector for 10 years. “ Information is starting to be free in France, where before, we could not give a positive image of cannabis without “inciting the consumption of narcotics”, he explains. Thanks to CBD, which is differentiated from THC which is another cannabinoid but which has no psychotropic effect, the public is finally discovering that cannabis also has many positive points. “
However, to the great chagrin of professionals as well as consumers and clients, a decree could soon change the situation. The government wants to expand the cultivation and commercial use of CBD, but it wants to ban the sale of flowers and raw leaves for smoking, which accounts for around 70% of CBD sales in France .
It will therefore be necessary to carefully monitor France's position on this decree.
Soucre: https://laverteshop.fr/le-tout-premier-salon-du-cbd-organise-a-paris-en-pleine-periode-de-flou-juridique/