The Italian government has controversially reclassified cannabidiol (CBD) as a narcotic. This latest development is another twist in the ongoing regulatory saga around the hemp-derived compound in the European country.
Despite the global CBD market forecasting a growth from 4.9 Billion in 2022 to 47.22 billion by 2030, Italy seems to be taking a step back. The current anticipated CAGR for the industry stands at 21.2%.
Historically, the regulatory position in Italy has been inconsistent.
In 2020, a decree was issued tagging CBD as a narcotic, only to be repealed shortly after. A subsequent …