Market Date:11 August, 2020

How hemp lightly became legal in Belgium because of its own ‘unique’ scenario

A legal loophole that allowed Belgium to relish berry flowers for the last year and a half has resulted in the legalization of this merchandise — and other nations are following suit.

After budding entrepreneurs realized there was no law prohibiting them from selling hemp products — provided that they comprised less than O.2% THC — countless stores popped up throughout the nation, providing access to a vast variety of merchandise.

After the nation’s finance department recognized the potential for gain, but it immediately legalized raw hemp flower, categorized it as a cigarette product and taxed it 31.5 percentage as well as some 21 percent value-added taxation.

Hemp products are now able to be marketed whereby tobacco is, starting up over 100,000 new potential points available.

“The current situation in Belgium is quite unique in Europe,” stated Ugo Lemaire, CEO of the import and distribution firm, Buddy Brussels. “Dried berry flowers are considered as ‘another tobacco for smoking,’ while edible products which include CBD stay prohibited. It’s the opposite situation from the U.K., in Germany and in The Netherlands, in which flowers are prohibited and [edibles are] more or less lawful,” Lemaire said.

The transfer softly made Belgium the sole nation from the European Union with a legal framework regulating dried cannabis flowers. Luxembourg intends to adopt the identical version before the close of the year.

“We anticipate that the rest of Europe will go in the same direction, which is a huge opportunity for us,” Lemaire noted. “We are still waiting for a harmonization of legislative frameworks across EU state members, and a clarification on the edibles to be able to make long-term partnerships with foreign actors. The tobacco manufacturers outside of Benelux aren’t really paying attention to CBD flowers now, as this whole context is still unclear,” he explained.