French market booming in response to demand, despite perils with the law

A lucrative market is emerging in France, where cannabidiol (CBD) based products are invading the shelves of tobacconists and well-being shops. Meanwhile, specialist CBD shops are springing up all over the country and online, with queues appearing in front of some shops in Paris.

The volume of sales has been twice what was forecast, according to some in the business, such as Rouen shopkeeper Mohamed El Ouarachi.

But all this activity has not gone down well with the French authorities as there is currently no specific regulation governing the sale of CBD.

And while CBD shops keep opening, they are also closing. Although more than 100 new stores opened in July 2018 alone, according to Béchir Bouderbala, advocacy officer for NORML France, the National Organization for the Reform of Marijuana Laws, about a third of the CBD shops in the country are embroiled in legal proceedings and six have been forced by the authorities to close down in the last few months.

Read full article
I'm already a subscriber
Author default picture

CannIntelligence

This article was written by one of CannIntelligence’s international correspondents. We currently employ more than 40 reporters around the world to cover individual cannabis and cannabinoid markets. For a full list, please see our Who We Are page.

Our Key Benefits

The global cannabis market is in an opaque regulatory environment that requires professionals to be on top of industry developments to make informed decisions and optimise their strategy.

CannIntelligence provides organisations with leading market and regulatory data analysis to anticipate and understand market developments globally and the impact of regulatory changes to the business.

  • Stay informed of any legal and market change in the sector that impacts your organisation
  • Maximise resources by getting market and legal data analysis daily in one place
  • Make smart decisions by understanding how the regulatory and market landscape evolves
  • Anticipate risks in your decisions by monitoring regulatory changes that impact your organization