Snapshot of U.K. Cannabis Market: 20% of Adults Have Used CBD

Snapshot of U.K. Cannabis Market: 20% of Adults Have Used CBD
High Times

One thing is true of the global cannabis industry. Just when you think that the light at the end of the tunnel is invariably just another train (i.e., at minimum a delay if not a setback) there are glimmers of hope on the horizon. This is certainly true of the British CBD market of late. Here is the latest zinger. According to polling from an industry group, the Association for the Cannabinoid Industry (ACI), one fifth of British adults have tried CBD flower or oil and 58% of respondents overall believe it has health benefits. Beyond this, the other data elicited from survey respondents was enlightening, if not a further indication that the British CBD biz is entering a whole new world. This starts with the fact (although unsurprising, given current market dynamics) that a whopping 38% of those surveyed also reported buying their products online. However, this is far from the only interesting development of late in the UK—and both this and a few other developments are in part the strategic work of the ACI. Beyond this fascinating market snapshot, the group has been actively bringing together senior members of the political class and recently commissioned a report calling for the government to take a more active leadership in reform to ensure the British industry develops into one that is world class. Why the U.K. Cannabis Market Is So Interesting On the other side of the Brexit divide, the British theoretically have more regulatory freedom to pursue new avenues of cannabis reform much more quickly than their neighbors across the Channel. There are several ways this is true—and even better, potential for fast reform exists on both the medical and recreational side. This has been blazingly obvious in just the last weeks as a British Parliamentary group suggested the…

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