In this week’s editions of the Cannabis Business Weekly, we’ll take a quick look at CBD use in the military… spoiler alert, it’s a huge no.
Also, we’ll take a look at the continually expanding CBD industry, will the bubble eventually burst like the housing market or dot com boom? Globally, Luxembourg became the first European country to legalize recreational cannabis and Thailand is set to roll out their long-anticipated medical program. All that and more in this week’s Cannabis Business Weekly Review and Newsletter.
The Navy is officially warning sailors and marines not to partake in CBD. It’s frustrating and, for the most part, way over the top… but sadly it makes sense. Because these products aren’t regulated by the Food and Drug Administration, they can include unlisted ingredients – of primary concern being the addition of the cannabinoid THC.
Should a CBD product have more than trace amounts of THC, that could lead to a failed drug test, and subsequently, a dishonorable discharge. The U.S. Military has a zero-tolerance policy for all “illegal” drugs. The Navy also reports drug use to the Federal Bureau of Investigations (FBI).
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Some could say that the CBD Industry has caused somewhat of an economic paradigm shift in the industrial make-up of markets. Therefore, it is important to remember that CBD has been given the ability to become independent from the Cannabis Industry.
The tiny European country of Luxembourg is about to make history by becoming the first state in Europe to legalize recreational cannabis. According to Health Minister, Étienne Schneider, “After decades of repressive policies, we have acknowledged that this does not work.”
The Health Ministry in Thailand just announced that the first medical cannabis prescriptions for patients are set to be rolled out next month. Thai patients will also need to register and become approved before they’re entitled to prescription-based buds.
Other Trending News:
- Former FDA chief warns consumers that all forms of CBD in food is actually illegal
- U.S. CBD Sales to Grow an Average of 107% Annually Through 2023
- Israel’s ‘Tikun Olam’ Founder Forced To Give Up Shares in Medical Cannabis Scandal
- Where to Buy CBD Flowers in California
- The Market Has Its First CBD Infused Product and It’s ‘Happy’
- New Hemp Law Creates CBD Oil Enforcement Cloud
- Crackdown On CBD Products Frustrates Massachusetts Businesses