Is CBD Legal In Nauru?
The past five years or so have seen a huge spike in the popularity of CBD. The compound – a product of the cannabis plant – is now legally available in many countries. This has occurred has a ton of users and some scientific evidence found CBD to be extremely helpful in dealing with a slew of emotional and physical issues.
CBD’s popularity has resulted in the gold rush like boom of a relatively new CBD industry one which has started to generate billions upon billions of dollars. According to one estimate, holds that CBD will generate $1 billion by the end of 2020. That growth is then expected to accelerate exponentially, rising to $20 billion by 2024. However, even that large estimate may be on the conservative side, as another study says that CBD is anticipated to generate $22 billion by 2022.
This expansion has been driven by a rapidly shifting legal scene. Many governments throughout the world have studied the science and determined that marijuana and CBD are two different chemicals. Both come from the cannabis plant, but CBD lacks marijuana’s concentrations of THC (tetrahydrocannabinol, which is the chemical in marijuana which can result in a high): CBD contains either trace amounts of zero THC. As a result, governments have begun to change their laws and allow for CBD use and sale. One such nation is the small island country of Nauru, a small island nation located northeast of Australia.
Is CBD Allowed in Nauru?
Yes, CBD is legal in Nauru, because marijuana is legal in the country.
You’d be forgiven if you’d never heard of Nauru – the nation is only 51 years old and has a population of roughly 11,200 and a size of 8.1 square miles, making it one of the smallest nations in the world and tinier than many American towns.
That being said, the country has tried to make a name for itself in a few unique ways. One such example is by legalizing marijuana – and, thus, CBD.
CBD, and marijuana, has been legal in Nauru since April 2014, when the country changed its laws to legalize marijuana in an effort to attract population and attention to the small country. At the time, its President said that legalizing the drug would do great things for the nation, and that doing so would help to attract tourists. As soon as the change occurred, officials on the island nation noted that they were being “swamped” with contacts from individuals who were interested in traveling to the island for business or recreational purposes.
The same article notes that the island’s residents have been devastated by alcohol abuse. As a result, the country imposed a 420% (not a joke) excise tax on alcohol.