Czech Republic To Triple Amount Of THC Allowed In Industrial Hemp

By Franca Quarneti via El Planteo

The lower house of the Czech Republic's Parliament approved an amendment that will allow the amount of THC in industrial hemp to be tripled.

Currently, the THC limit stands at 0.3%. With the approved amendment, it could reach 1%.

According to Expats, this measure will also improve the availability of medical marijuana, thanks to the fact that it will make it easier to obtain licenses to grow cannabis for therapeutic use.

Likewise, the draft of the reform sent to the president establishes that hemp extracts and tinctures containing up to 1% THC will not be considered as an "addictive substance."

What's next?

The draft will be submitted to President Miloš Zeman for approval. In case he gives the go-ahead, the law will come into force on January 1, 2022.

In the meantime, the Health Ministry said it expects this change to increase competition and reduce the price of medicinal products containing cannabis, which are 90% covered by public health insurance.

Continue reading:

 

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisGovernmentNewsRegulationsPoliticsGeneralCzech RepublicHempTHC limit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!


Loading...