Using blockchain to boost traceability in the CBD market

It has launched CanCheck.org​, a free-to-use online search tool allowing consumers to trace CBD products from the shelf to seed, with every link along the production chain verified by blockchain.

According to the group, any CBD product bearing the CAN Quality Mark can be traced and its contents verified using the tool. Users can input a batch number, which will produce instant test results and shelf-to-seed tracing of that CBD product. Users can also enter the brand name or product into the search tab and find the batch number from there.

The system also contains what’s described as consistent and clear product composition analysis conducted by accredited laboratories that guarantees accurate levels of CBD, the absence of contaminants and a full spectrum composition. Full spectrum CBD products contain all the cannabinoids that are found in the cannabis plant in nature, rather than just CBD, and can deliver a powerful entourage effect with benefits exceeding those delivered by CBD isolate.

The group added that in addition to traceability and testing, the Quality Mark ensures that CBD products are correctly labelled and meet quality requirements.

Existential crisis

The initiative comes amid confusion about the regulatory status of CBD in Europe. It recently emerged that the EC is considering classifying CBD as a narcotic instead of a Novel Food. While a decision won’t be made before September, it could mean that potentially hundreds of CBD and hemp products would be unable to legally retail on the European market.