Like all other countries in the world, businesses must register with the appropriate legal status to sell goods. CBD Switzerland is considered a tobacco commodity.
Legality of CBD in Switzerland
All economic activities must be declared and the appropriate taxes must be paid at the end of the fiscal year. Since CBD is legal, you do not need to sell cannabis products in Switzerland to have a specific CBD license. As mentioned earlier, this is a product that can only be purchased by people over the age of 18. This means that all permits related to this type of business, such as a tobacco store, are required.
Depending on the product category, there are specific taxes. For example, all CBD products for smoking are subject to tobacco tax. In addition, the most important guiding principle is to meet the THC threshold of 1%. It applies from production to distribution, from retail to import. Cannabis plants and products that do not exceed this threshold can be imported and sold in Switzerland. For exports, the rules will change as other countries have different threshold percentages. Most European countries / regions accept CBD products with a maximum THC of 0.2%. In summary, the market is quite free and open. This is another positive point of the company.
CBD Switzerland: the constantly evolving sector will get stronger
The largest market for CBD and hemp is in the United States. This CBD market is expected to reach US $ 591 by the end of 2021. Predictions show that by the end of 2022, the value of the US CBD industry will reach US $ 2.1 billion. Since 2016, that number has increased by 700%. The central business district of the Swiss CBD is still very young. The year of its inception was 2017, when the industry was valued at around 60 million Swiss francs (US $ 59.5 million).
The demand for CBD in Switzerland is increasing. The industry is expected to grow at an annual rate of 39%. By 2027, that number is expected to reach 320 million Swiss francs ($ 318). If we follow these estimates, Switzerland will reach 83 million Swiss francs by the end of 2018. The population of the United States is approximately 328 million. The Swiss population is 8.4 million inhabitants. If you count, the average Swiss expenditure on CBD is five times higher than in 2018. This is particularly interesting in one of the richest countries in the world. The cannabis and CBD industries are experiencing strong growth in Switzerland and are expected to continue to do so.
Shipping of CBD from Switzerland to Germany or Europe
As long as the place of transport determines that cannabidiol is legal in the country, it is legal to transport CBD from Switzerland to the rest of Europe. As mentioned earlier, the company should check the THC content of the products being shipped. In most European countries, only 0.2% of THC is legal. Therefore, as a company, you can send products containing less than 0.2% THC to other European countries / regions.
However, since Switzerland is located outside the European Union, it sometimes continues to ship goods to European countries until value added tax is deducted. However, because this is still a new phenomenon and not everyone knows what cannabinoids are, sometimes shipments are stopped at customs.
When this happens, the delivery time is a few days longer than expected, but it should arrive at your doorstep. In this case, if all the above conditions are met, keep it for a few days for inspection, and after several inspections and possibly several phone calls, they will send it to the final destination.
Based on our personal experience, we have found that this occurs frequently when shipping CBD from Switzerland to Germany. Usually it takes a few more days, but it eventually happens to the recipient. In short, as long as you comply with national laws, you can ship CBD products from Switzerland to other countries in the EU.
