RAGUSA, ITALY – November 24, 2020 – Last week, the Court of Justice of the European Union (CJEU) ruled that cannabidiol (CBD) is not a narcotic drug. For companies like Canapar, this is a landmark ruling that could change the face of CBD sales and marketing across Europe.

This announcement opens the door to exciting new opportunities in the European market and enables Canapar to position itself as a leader in both the continental and global CBD industries. The CJEU ruling could have positive implications, such as reopening the novel foods authorization process for CBD, that were paused by the European Commission due to the narcotic question”.

The European Union’s highest court ruled on two crucial points for the industry.
First, that CBD  “does not appear to have any psychotropic effect or any harmful effect on human health” (the Court also noted that CBD in question was extracted from cannabis sativa, grown legally, and with THC content not exceeding 0.2%). Therefore, CBD should not be considered a narcotic drug within the meaning of the United Nations Single Convention on Narcotic Drugs, 1961.
Second, the CJEU found that the provision on Free Movement of Goods within the EU (Articles 34 and 36 TFEU) were applicable as CBD is not a “narcotic drug”.

Canapar is in the final stages of commissioning its Sicily-based extraction facility. It has EU-grown hemp in storage, and has secured commercial contracts, positioning it to supply the EU market with high quality, made-in-EU CBD products.

About Canapar

Founded in Sicily, in the heart of the Mediterranean sea, Canapar is the largest high-tech extraction plant in Europe for active compounds and wellness products.
Our vertically integrated cycle starts with cultivation and continues through its transformation into high-quality pharmaceutical and cosmetic products. All this is possible through our scientific team’s research and development of highly innovative technologies and processes.
Canapar effort is to become the main reference point for both the cosmetic and pharmaceutical industry, making products of excellence thanks to the controlled process of sowing, harvesting, transformation and extraction.

Forward-Looking Information

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