Is CBD Oil Legal In Ukraine?
You’d have to not be paying attention to have missed it: CBD is everywhere. Millions of users and some scientific evidence claim to have found that CBD can be helpful at addressing a variety of physical and mental issues. The compound has found a wide surge in popularity based on these positive experiences.
That popularity has helped drive a new industry. One estimate guesses that CBD will generate $22 billion by the end of 2022, while even more conservative ones estimate that CBD will “only” create $1 billion in revenue by the end of 2020 before growing to $20 billion by 2024.
One of the reasons CBD has become so popular lately is its shifting legal status: Many countries have come to the realization that CBD is not marijuana, and have changed its availability accordingly. CBD and marijuana both come from the cannabis plant, but the similarities end there, as CBD usually has minuscule or no amounts of THC (tetrahydrocannabinol, which is the chemical component in marijuana which gets someone intoxicated). As a result, any governments across the world are legalizing CBD. One such country is Ukraine.
Is CBD Oil Allowed In Ukraine?
Yes, CBD is legal in Ukraine. No prescription is needed, and the compound is available commercially.
In November 2018, a Canadian company, C21 Investments, became the first foreign company to grow, process and sell CBD in Ukraine. According to a press release from C21, the investment was made easier by Ukraine’s 2014 signing of an “association agreement” with the European Union, which made it easier for the nation to trade with others. The company opened an office in Kyiv, the capital of Ukraine.
The compound is available for purchase over the internet as well, and it can be shipped to other residents of Ukraine.
Marijuana Laws In Ukraine
Ukraine has not yet legalized medical marijuana, but appears to be moving it that direction. Draft laws which would legalize medical marijuana have been filed and a committee in Ukraine’s Parliament has approved of the law. Ukraine’s President, Volodymyr Zelensky, has previously said that he supports legalizing medical marijuana. In February 2019, Ukraine’s Acting Health Minister, Verkhovna Rada, said that they supported legalizing medical marijuana in response to a petition which was submitted to Parliament.
Recreational marijuana remains illegal in the country, however, again, it does seem to be moving in a more liberalized direction. Possession of a small amount of marijuana is punishable only by a fine and seizure of the drugs, and there have been increased protests since 2017 which have fought for marijuana’s full legalization in Ukraine.