Hemp Industry Daily reports
The main hemp industry body in Europe has received a green light from its members to move forward with “unprecedented” studies on cannabidiol and THC as part of a joint novel food authorization application.
An “overwhelming majority” of European Industrial Hemp Association members voted on Monday in favor of “the principles of the special contribution structure” for the group’s joint application for novel food authorization.
The anticipated cost of the joint application project is going up. EIHA projected that around €3.5 million ($3.9 million) will be invested over the next two to three years in “unprecedented studies” on the toxicology of CBD and THC.EIHA members agreed last year to submit a joint novel foods application with “a range of CBD extracts” to UK and EU authorities, and the association revealed the anticipated scope and costs associated with the joint application last month.
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