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The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
The Bruges Group spearheaded the intellectual battle to win a vote to leave the European Union and, above all, against the emergence of a centralised EU state.
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Brexit and CBD Legalisation- Things you must know

CBD is an all-in-one natural remedy people prefer. It has multiple benefits and given quite promising results. There are many products of CBD like the best CBD capsules, CBD gummies, oil, balm, and many more. CBD, or cannabidiol, a natural substance that comes from the hemp plant, has really compelled people to fall in love with it. It delivers a number of benefits like :

●Providing sound sleep
●Relief from pain, stress, anxiety, and depression,
●Reducing inflammation,
●Good skincare product,
●Improving love life 

 But do you know about Brexit and CBD? Will Brexit impact the CBD industry? This is a typical yet interesting question. We will discuss it today.

Let's see first a basic about what is Brexit actually?

What is Brexit?

Brexit is the portmanteau word of 'British exit. The word itself symbolizes some sort of withdrawal. Brexit was the withdrawal or exit of the UK (United States) from the European Union( EU) and the European Atomic energy Community ( EAEC). It was on On 31st January 2020.

You will be surprised to know that it's the first time so far that some country has left the EU even after being there as its member for 47 years. There are many things about Brexit you should know

How Brexit related to the CBD industry?
Brexit would give a positive impact on the CBD industry. Since UK left the EU, with all its laws and prohibitions, it would be good news for cannabis lovers. Leaving the trade laws and regulations also include the one which has prohibited recreational cannabis. Brexit opened the door for the legalization of cannabis completely along with other things like its sale for recreational purposes and medical usauge.

After UK has left the EU, it will be a hot topic about the discussion of how it will give an impact on the trades and business-related issues.

Prior to Brexit, CBD trading was not that easy, to export or import. It was quite different. But now when there are no restrictions of laws and regulations of the EU, UK might give a boost to the legalization of Cannabis in the UK. Daniel Hounsham, of British cannabis, said, "We require the UK government to be forward-thinking and embrace the CBD industry". So many statements have been given by the top cannabis companies that shown that they are seeing Brexit as an opportunity given for cannabis legalization in complete form in the UK. Cannabis can give a boost to the UK economy after Brexit.

Cannabis In The EU

It's important to know how the condition was when UK was in the EU. To understand it, let's see what's the cannabis rules and regulations in the EU.

It has been reported by The European Monitoring Centre for Drugs and Drug Addiction that in the EU, Cannabis is an illegal drug. There are certain exceptions also like cultivating and selling cannabis for medical and industrial use. Legalizing cannabis for recreational use has been in controversy for a long time. Concerned people believed that issues will be generated if cannabis will be legalized as more and more people will use it. 

CBD in the EU
CBD has not been completely legalized as its legal status varies from state to state. There is a list of hemp strains that have been approved by the EU keeping in care the acceptable THC level. You can say, CBD is legalized based on the THC content.

After Brexit: Since the cannabis industry can help the UK to earn a lot of revenue, it is projected that cannabis legalization would be a good step after Brexit as there are chances of the UK economy being hit. 

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