Statement From CBD Capital CEO, Hassan Akhtar

Hello from CBD Capital! 

As you may know, CBD Capital has been acquired by US-based cannabinoid provider, GenCanna. While this news has been met with excitement, it has also raised questions in some minds because of the financial difficulties the “Old GenCanna” experienced in early 2020. Allow me to address these issues. 

Old GenCanna refers to a company that no longer exists. Its assets were acquired by an institutional investor. The only thing “New GenCanna” and “Old GenCanna” have in common is the company’s name, for its seminal pioneering role in this industry. This multibillion-dollar investor infused significant new capital into the New GenCanna, a company that does not include any of Old GenCanna’s liabilities, none of its management team, nor any of its shareholders. 

The purpose of this note to you is to highlight some of these fundamental changes and to reassure you that GenCanna is among the best capitalized, most professionally led companies in the cannabinoid business. At CBD Capital, we are proud of this partnership, and we are focused and driven on delivering superior product and extraordinary customer service to merit your business. Our association with GenCanna means a substantial increase in our ability to provide a broad range of product solutions to our customers — in quality, quantities, and delivery speeds we could not have achieved prior to this union. For example, inventory is maintained in our two distribution centers in the UK and the Netherlands, allowing for a less than 24-hour order-to-shipment turnaround. This move is a very good thing, for CBD Capital and our customers. 

  • NEW LEADERSHIP 

On June 1, 2020, Andrew Barnett was appointed GenCanna’s new CEO. Andrew has over 40 years of experience transforming and revitalizing companies that include manufacturers, wholesalers and distributors, as well as retailers in food services, HBA, and other consumer product sectors. Andrew has led organizations whose primary goals are to maximize customer satisfaction and profits, and build enterprise value. He has worked in the US, UK, EU, and Asia, and continues to assemble a GenCanna management team of food science, manufacturing, product development, and brand expertise that our industry has yet to see. We are thrilled to be part of it.

  • NEW CAPITAL & NEW FACILITY 

GenCanna’s investor has not only flushed GenCanna with new human and financial capital, it has also financed the construction of a state-of-the-science processing facility that meets all appropriate food safety requirements. Providing the company with absolute control over an optimized seed-to-product supply chain, this 100,000-square-foot facility opens in 4Q21. This plant has no rival in terms of value-added production processes, resulting in the whitest white, non-detect isolate (in various minor forms, including CBD, CBG, CBN, and CBC) as well as distillate, and does so faster and more efficiently than any facility that serves global markets. 

  • NEW VISION & NEW DIRECTION 

Further evidence of GenCanna’s commitment on a global scale are the acquisitions of not only CBD Capital, but also London-based CBD finished goods provider Taylor Mammon. The reasoning behind these first two acquisitions is GenCanna’s recognition that the UK, EU, and several other markets provide enormous potential with respect to novel foods and health and wellness products in general. From bulk ingredients for CMOs and consumer brand companies to the highest quality, specialized, and unique white and private label services supporting consumer as well as pet brands and retailers, GenCanna product is unassailable in its integrity, innovation, form factor creativity, speed-to-market, and clockwork delivery. CBD Capital and Taylor Mammon are the pillars for what will be a prudently aggressive expansion across markets served by our UK and EU distribution centers.

In short, it’s a new day for a new GenCanna. We welcome the energy, capabilities, and significant opportunities GenCanna’s strategic vision and leadership bring. Anchored by the formidable capital commitment from our shareholder, it all makes for a new and exciting market, revenue and profit reality for us all — for you, for your customers, and for us at GenCanna. 

I welcome your call or email to discuss how we may best serve your needs. And we look forward to expanding our collaboration and partnership with you, helping you deliver excellence to consumers through our outstanding isolate, distillate, and health and wellness products. 

Fine regards, 

Hassan Akhtar CEO

See the full press release below:

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Is CBD Oil Halal Or Haram?

Here’s a tricky question to answer – is CBD oil halal or haram?

The CBD market has grown significantly in recent years and is estimated to reach a value of close to £1 billion in the UK by 2025, according to a Centre for Medicinal Cannabis report.

For Muslims seeking reassurance that what they eat and drink is all halal, it’s second nature to check any consumable product for this confirmation before making a purchase.

Of course, this peace of mind is also important when choosing a CBD product.

So, is CBD halal? What about specific products? For example, the most popular one in the UK according to YouGov – is CBD oil halal?

In this guide, we’ll answer these questions and more, validated by common interpretations of the relevant citations from the Qur’an.

Defining halal and haram

To answer the question ‘is CBD oil halal or haram?’ we need to be completely clear about how to define these two Arabic terms first.

Halal is defined as permissible or lawful in Islam. Regarding consumption, halal is used to describe acceptable food and drink.

In contrast, haram is the opposite – this describes anything which is not permitted, or is unlawful in Islam.

Specific types of haram food and drink are mentioned in the Qur’an, including all alcoholic and drug intoxicants.

This is because of the potential physical and mental effects these substances can have. 

In the Qur’an, they are described as ‘khamr’ substances, which cover or ‘curtain’ the mind negatively.

is cbd oil halal

Is all CBD legal?

In UK law, CBD is not a controlled substance – unless it contains more than 1 mg of THC per pack.

THC is a controlled substance in the Misuse of Drugs Act 1971

As we have previously written about, CBD bud or flower products are illegal due to their higher THC content.

CBD, including in oil format, is produced from the leaves and stalk of Cannabis sativa and these plant parts have no psychoactive effects.

Therefore CBD and CBD oil are legal in UK law. 

However, although it may be legal in the UK, is CBD oil halal?

Is CBD oil halal?

Since it does not get you high, CBD oil with no THC, or any other intoxicants, is halal.

Most Muslim scholars would confirm this since the plant extracts used to make CBD oil do not contain intoxicants.

As long as the product contains less than 1 mg of THC per pack, it’s legal in the UK because it’s deemed not enough to have any effect.

Similarly it would technically be permitted in Islamic law to consume a product with therapeutic properties, if it does not intoxicate and is being used as medicine when another effective medicine made of pure ingredients that produces the same results cannot be found. 

However there are some exceptions to this overall rule for CBD, including oil. So, is CBD oil halal? Yes, with some caveats we’ll explain next.

Is all CBD halal?

Some types of CBD are either created using haram techniques, or they contain some haram ingredients.

Therefore these CBD products are not halal.

Haram CBD products would include anything involving:

  • Alcohol: Any CBD which is extracted with alcohol is haram, due to the use of intoxicants. However, if the alcohol involved in the CBD product will not cause intoxication and the purpose of the CBD product is to heal whilst no suitable alternative made from pure ingredients can be found, then this would be allowed. Products called tinctures may use this alcohol-based method of extraction, so read the label carefully and avoid these specific products – other CBD oils are created using CO2 instead which is halal.
  • Non-halal animal products: Some CBD capsules can include gelatine, for example. Gelatine and flavourings which are made from non-halal animal’s body parts are strictly haram. However gelatine made from the skin, sinews and bones of animals that are permissible to eat and have been slaughtered to halal standards are acceptable. 
  • Vape juices: Vaping can be seen as an imitation of smoking, which is haram due to the involvement of nicotine. Therefore any vape oil containing nicotine is certainly haram, but even vape oils which are nicotine-free are still considered to be haram as it imitates smoking.

Similar to how the recreational drug cannabis is classed as a controlled substance in the UK, it is also haram.

However, there is some debate about whether medicinal cannabis is haram. It has been legalised in the UK and some other countries to treat specific conditions. 

is cbd oil halal

Is your CBD oil halal? How to tell

To make sure the CBD products you buy are halal: 

  • Buy only from providers with a good reputation 

Unfortunately, there are a lot of poor quality goods on the market, so trust is vital – some brands are, knowingly or unknowingly, mislabelling their CBD products

This could mean that their CBD is not halal. Read customer reviews, as well as information on the provider’s website about their production processes, to see if they use alcohol. 

  • Look for third-party lab certificates on the provider’s website 

CBD products, to be halal, should have no THC – this can be verified by an ISO accredited lab result.

  • Verify that the products are vegan-certified

This will prove that the provider’s CBD is free from any haram animal products.

  • Read the ingredients list

Check the ingredients in detail in case the product contains nicotine or any flavourings which include alcohol and thus may be intoxicating, as these are both haram.

Conclusion: is CBD oil halal or haram?

CBD containing no THC is halal, as long as it has not been extracted using alcohol.

Also, as long as you make sure your CBD is not a vape product, made using haram animal products or containing any nicotine or other intoxicants, then it’s halal.

For peace of mind, only purchase from trustworthy providers and check the third-party lab results, vegan certification and ingredients list. For detailed information about CBD products, please check out our blog or contact us.

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