Lithuania opens its doors to the production and sale of hemp
Dernière mise à jour : juil. 28
Lithuania, the leading European producer of hemp, is taking its place in the CBD market, taking advantage of its local culture..
Until recently, CBD was strictly prohibited in Lithuania. Hemp is of great importance in this country where it can be used to make sheets, butter…
This is indeed an argument used by Lithuania to become an important leader in the CBD world. That is why the local Parliament, called Seimas, has put in place a series of amendments for the legalization of cultivation and the sale of CBD products. However, one condition was raised: hemp products must have a THC content of less than 0.2%. This highly limits the psychotropic effects sought by cannabis smokers for example.
The head of Hempspot, a hemp company, explains: Today, we export 100% of our crop. This makes the product more expensive, given the cost of transportation.” Indeed, Lithuanian reserves ended mainly in France.
An economic perspective is to be exploited in a possible change in the country’s exports. The Parliament decided, the 3 million inhabitants will now be able to enjoy the local culture with products from the CBD of the land. "We are one of the largest hemp producers in the European Union. From now on, we will be able to export our production, but also produce CBD and create value-added jobs in Lithuania!” declares Member of Parliament Mykolas Majauskas. Indeed, being a major producer, Lithuania has an area of 5000 hectares exploited only for the cultivation of hemp. By way of comparison, if Lithuania had the same area as France, the country would grow three times as many as we do.
As a result of the new laws put in place, Lithuania foresees an annual purchasing power of around 100 million euros only through its entry into the CBD market. This would represent approximately 10% of the country’s agricultural wealth.
Thus, there is a real opportunity for economic expansion in this Baltic country with the creation of new jobs and the exploitation of all the goods that the plant can bring to the population.