What is the current legal status of cannabidiol in New Zealand?
Cannabidiol (CBD) is legal in New Zealand for medical use. Prior to 2018, the substance was listed as a class B1 substance under the Misuse of Drugs Act of 1975. Following a legislation passed in 2018, CBD is now a prescription medication under New Zealand law.
In order to be granted access to CBD products, prospective patients must obtain a prescription from an authorised physician. Once prescription has been granted, patients are at liberty to use and import CBD oils for medicinal purposes.
Note, however, that there are many restrictions pertaining to the composition of CBD oils allowed for medicinal purposes. CBD oils that contain less than 2% THC are the only variety of CBD oils that can be utilised within the nation. Further, CBD oils must only be derived from the hemp plant before they will be allowed within the nation. Oils derived from marijuana strains are strictly prohibited and criminal to possess.
Where can I buy CBD oil in New Zealand?
As previously stated, CBD oil cannot be purchased without a medical prescription. Simply put, they cannot be bought over-the-counter (OTC). Individuals with approved CBD prescription may obtain the item from pharmacies and medical marijuana dispensaries across the country.
The global industry for CBD is booming! Projections for the industry up until 2022 can be witnessed in the graph above. Source.
Is CBD legal anywhere in the world?
Yes, CBD is a legal substance in a number of countries across the globe. CBD extracted from the hemp plant is predominantly legal in 50 countries, including:
- Hong Kong;
- Luxembourg, amongst others.
In the United States (US), CBD is legal in all states except Idaho, Nebraska and South Dakota.
Hemp-derived CBD contains significantly lower concentrations of Tetrahydrocannabinol (THC). THC is the most occurring chemical compound in the cannabis plant. As mentioned earlier, it is also the psychoactive compound responsible for the feelings of euphoria and elation experienced by most marijuana consumers and commonly referred to as a “high”. CBD derived from the hemp plant often contains as low as 0.3% THC, virtually eliminating any THC-associated euphoria when consumed.
Hemp, unlike marijuana, is not considered a controlled substance in many nations. It is non-psychoactive and, in fact, an active ingredient found in several common items including clothes and beauty products.
What are the pros of legalising CBD in New Zealand?
Firstl, CBD — in whatever form — boasts massive health benefits in the world of pharmaceutical and natural medicine. Numerous studies have proven that CBD is beneficial to the treatment and management of numerous mental, neuropathic, and skin disorders. Some of these include:
- Chronic pain;
- Multiple sclerosis;
- Anxiety and so much more.
By fully legalising CBD products, the New Zealand government would be giving millions of citizens and residents access to treatments and supplements that can improve the overall standard of health on a mainstream basis.
The global market for CBD has taken off. The New Zealand government misses out in a massive revenue generation scheme by keeping CBD and its products partially illegal within the nation. In a 2018 study carried out by Brightfield, it was estimated that the total markets for hemp-derived CBD products was approximately $591 million. At current growth levels, it is estimated the industry will be placed at $22 billion by 2022.
By legalising this industry, the government would be creating more job opportunities for residents and citizens within the nation. This would also be an excellent means by which to diversify the economy.
Final words: Despite benefits, fully legal could CBD has some drawbacks.
There are numerous advantages ascribed to legalising CBD within New Zealand. On the flipside, there are many drawbacks to the process as well. The biggest disadvantage of legalising cannabidiol within New Zealand is easy contamination and uncertain product purity.
There are stringent laws that govern the production and distribution of CBD within the nation. However, legalising CBD may open citizens and residents to higher chances of THC contamination and poisoning. THC poisoning may affect children, pets, and senior citizens in very unpleasant ways.
However, if the government is able to control the production and distribution, New Zealanders have nothing to worry about.