Connect with us


Finland: Lack of rules on hemp drives companies into bankruptcy



Listen to this article

The blurring of EU rules for hemp-based foods and extracts – and the resulting withdrawals of products from the market – hit Finland's biggest CBD seller hard at the end of February. THE Hamppumaa, one of the largest importers and retailers of hemp juice and CBD products, said the decisions of national authorities forced the company into bankruptcy.

The Finnish Food Authority recently reported that “products such as Sana hemp juice that were being imported from the Netherlands are considered novel foods,” said Hamppumaa founder Oy Jaakko Myllyniemi. Additionally, the authorities justified that the products were withdrawn from the market due to traces of THC, to which Hamppumaa responded, justifying that they were well below the EU guideline limit of 0,2%.

following the guidelines

Sana Hemp Juice Capsules, made from frozen and crushed plant matter

Among the various Sana Hemp products that Hamppumaa was marketing, Sana Hemp Cannabis Sativa Oil 2,5% contains 0,1% THC; and a variety of capsules, tablets and tinctures contain 0,01% THC or less, according to the producer's website.

Questions about THC levels and the EU's new food rules – a tighter and more stringent food safety regime – have sown trouble in member states over the past year. The wording of the rules affecting hemp and hemp extracts with CBD in their composition was updated last year in the Novel Food Catalog, a list of foods that are not seen as commonly consumed products in the states. EU members before 1997. The catalog is intended to track new genetic products or synthetic food products.

Problem spreads across Europe

The changes in the Novel Foods catalog led to a wave of notices to withdraw products from the market. This situation has resulted in the withdrawal of several hemp food products and extracts made from leaves and flowers from markets in Germany, the UK, Ireland, Sweden, Poland and Italy in the last year.

Hamppumaa, founded in 2014 when it started importing sprouted hemp seed products, was the first company in Finland to offer CBD products to Finnish consumers. “We managed to rank first in Google's organic search for CBD and we were the biggest seller of CBD products in Finland,” Myllyniemi said. “We had our products in over 100 health stores, covering every major city.”

New Food “Doesn’t Make Sense”

Hemp Juice by Sana Hemp Juice, made from crushed hemp biomass

Finnish authorities, who have officially identified CBD as a novel food, have been quoted in social media with claims that hemp tea is not a New Food, but raw hemp juice is. “It doesn't make any sense,” Myllyniemi said.

Sana hemp juice contains 54 mg of CBD per 100 ml of hemp juice volume, well below the recommended level of 160 mg/100 ml for Europe. It is also below a daily intake reference of 70mg/100ml recently recommended by UK authorities.

interrupted plans

Hamppumaa had plans to start a hemp seed production line this year and was expanding sponsorship of Finnish UFC fighters and other athletes. “We now have Sana Hemp Juice products worth €50 in stock that we cannot sell,” Myllyniemi said, noting that “payment difficulties and over-indebtedness” led to the decision to file for bankruptcy.

The company has appealed the decision to stop selling hemp seed products to administrative courts as it goes through bankruptcy, Myllyniemi said. It is unclear what will happen to this appeal in court in the future, nor how long it might take. “This company can go on, but nothing is certain yet,” Myllyniemi concluded.

Featured Photo: Hamppumaa website

Notify of
1 Comment
Inline feedback
View all comments

Thank you!


Watch the Documentary "Patients"

Documentary Patients Laura Ramos help us grow

Mais recentes

International4 days ago

Luxembourg: new government freezes cannabis legalization

Luxembourg's ambitious plan for the full legalization of recreational cannabis markets has been put on hold by the new government...

International6 days ago

Europol and EMCDDA report warns of trafficking problems. Cannabis market in Europe is worth more than 11.4 billion a year

A joint analysis by EMCDDA and Europol, entitled “EU Drug Market: Cannabis”, released last week, warns that the market...

International1 weeks ago

Syqe Air approved in Australia as a medical device. Israeli company could be bought by Phillip Morris for more than 600 million dollars

Syqe Medical announced that its vaporizer, Syqe Air, has been approved by Australian health authorities as a medical device....

International2 weeks ago

Australia: Medical Association warns of risks of recreational cannabis use

In a context of intense debates about the legalization of recreational cannabis in Australia, the Australian Medical Association (AMA) submitted a...

International2 weeks ago

Italy: Researchers find evidence of cannabis use in the XNUMXth century in Milan

Archaeotoxicological discoveries have revealed the recreational use of cannabis in XNUMXth century Europe. Analysis of bones from hospital patients...

Events2 weeks ago

Cannadouro returns to Alfândega do Porto next weekend

It is definitely the meeting place for cannabis culture in Portugal. On the 18th and 19th of November this year,...

corporations2 weeks ago

Organigram receives strategic investment of 124,6 million from British American Tobacco

Organigram Holdings Inc., a Canadian cannabis producer, announced a strategic investment of 124,6 million Canadian dollars from...

International2 weeks ago

Germany: Legalization may only happen in 2024, with postponement of the vote in the Bundestag

Advances in legislation to regulate cannabis in Germany have suffered yet another delay. According to MarijuanaMoment, the vote...

International3 weeks ago

Sidarta Ribeiro winks at Baudelaire with “As Flores do Bem”

The renowned Brazilian scientist, Sidarta Ribeiro, recently released a book that promises to challenge prejudices about cannabis and contribute to...

National3 weeks ago

Portugal: Prime Minister, António Costa, resigns over suspicions of corruption

The Prime Minister of Portugal, António Costa, presented his resignation to the President of the Republic, Marcelo Rebelo de Sousa, this afternoon, in...