CBD products are increasingly popular in the UK, and the market is predicted to be worth almost £1 billion by 2025, according to the Centre for Medical Cannabis’s ‘CBD in the UK’ report. Due to this continuing boom, more and more CBD stores are emerging, and already existing shops are adding CBD to their product ranges. However, there are many...
In July 2021, Jacek Olczak, CEO of tobacco giant Philip Morris International (PMI), told the Mail on Sunday that the company would stop selling cigarettes in Britain within the next ten years. In the same interview he said that PMI were working towards phasing out traditional cigarette smoking in the UK completely. But why would a company that relies on...
The CBD industry is rapidly growing in the UK, with the industry currently generating £690 million a year. But who are the people propelling this massive growth? And what are the most common reasons they are buying and using CBD products? Who Uses CBD Products? In one of the most comprehensive reports into the CBD industry ever conducted, the Centre...
In the UK, CBD can be sold legally. However, extracting it from hemp is still not allowed, meaning the country imports all of its CBD. How can extracting CBD locally benefit the UK’s economy, farmers, and regulation of the controlled-substance? And with the booming industry and stricter Novel Foods regulation on selling CBD, can we expect this puzzling restriction to...
When the Food Standards Agency (FSA) announced in February 2020 its intention to compel companies producing, distributing and selling CBD products to obtain Novel Foods Certification, it may have looked to outsiders like an attempt to clamp down on creeping legalisation. Motivations of this kind, however, are beyond the FSA's remit, which is restricted to food safety. As far as...
When the UK government decriminalised the use of hemp-derived cannabidiol (CBD) in 2018 mainly because of its medicinal benefits, you'd be forgiven for thinking that the market for CBD would finally establish itself as the legitimate industry it always sought to become. Things turned out to be a little more complicated. CBD occurs naturally in cannabis plants. But unlike THC...
