ARTICLE
WHERE IS THE UK CBD INDUSTRY HEADING?
Recent years have seen a rush of excitement about the UK CBD Industry, with some commentators predicting it to be a multi-billion pound industry within the next decade. This is backed by the increasing involvement of North American cannabis companies into the UK, in a bid to gain entry to this potentially lucrative market. The cannabis consultancy firm Prohibition Partners have projected a market forecast of ÂŁ16.5bn in the next ten years, with managing director Daragh Anglim stating that he expects the UK market to open up to recreational use within three to five years. Their recent report estimates that black market cannabis comprises ÂŁ8bn a year in the UK, but this could more than double if legalisation goes ahead.
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HEMP&CBDMAG
