NEED FOR ACTION ON THE CBD MARKET
CBD products are available almost everywhere – whether in stationary trade or online. But the European Policy makers make it seem like it is only a product for pharmaceutical Companies and try to regulate it in ways that have nothing in common with free enterprise. They make it seem like there are only black sheep on the market and even other NGOs want to over regulate the market so only Big players can afford to take part in it. While the Hemp markets are already the most regulated markets in the European union, the CBD market is by no means regulated. The legal situation regarding distribution and sale is unclear and there are no binding quality standards for CBD products, so that consumers cannot distinguish between dubious and serious offers. Moreover there are uncertainties regarding percentage and Quality of the products. There is a need for action. The CBD market must be steered into at least somehow controlled channels in order to ensure fair competition and consumer protection at the same time without over regulating it by setting limits in where and how products are being produced. CBD is a part of the hemp plant and therefore foodstuff as long as no one can prove toxicity or otherwise.
THE CBD.LIMITED INITIATIVE FOR A SELFREGULATED FREE ENTEPRISE OF THE CBD MARKET
The PRO CBD initiative is committed to self-regulating the CBD market – for maximum transparency and respectability. Therefore, the initiative, which is composed of companies based in Germany and Europe that produce, process and distribute CBD products, pursues the following goals, among others: