Frankreich: CBD-Einzelhandel wächst

France: CBD retail is growing

In France, there are more and more shops that want to sell CBD products. The development follows a decision by the European Court of Justice in November 2019, which answered the question of the legal status of cannabidiol in Europe.

According to a report by the newspaper Le Monde, the number of CBD shops has increased from just 30 at the beginning of the year to around 300 in a short period of time. As a result, this number is growing every day as more and more companies want to enter the industry. The demand for commercial real estate in large cities such as Paris, Bordeaux, Marseille and Lyon has risen sharply.

"Out of about 100 calls a day, we get 10 to 15 inquiries from people looking for commercial space for CBD shops in Paris," Kevin Uzan of Paris commercial real estate agency Commerce Immo told Le Monde. Demand is particularly high in bohemian neighborhoods such as République, Bastille, le Marais, Saint-Germain and Saint-Michel.

Response to ECJ judgment

Developments in France follow the ruling by the European Court of Justice that cannabidiol is not classified as a narcotics to classify. In a landmark ruling, the ECJ ruled that CBD cannot be considered a narcotic and CBD products should enjoy the same free movement of goods between member states as other legal goods.

The French market for CBD could grow quickly and reach a billion euros, estimates Aurélien Delecroix, president of the Syndicat professionnel du chanvre (SPC). The association includes approximately 90 producers, processors, distributors and other stakeholders in the hemp wellness and therapeutic cannabis sectors. The industry association was formed in June 2018 in response to the hemp flower ban.

France is by far the largest hemp grower in Europe. The focus of the sector is traditionally on the production of certified plant seeds and fibers for the paper and construction industry and the production of raw materials for food.

The contribution France: CBD retail is growing appeared first Hemp Magazine.

This content was originally published here.