The $850 Million UK CBD Market is a Hot Mess – How Did They Get Here and How Do You Fix It?
January 28, 2024
A “hot mess” characterizes the implementation of legal and regulatory frameworks within the UK’s CBD market, valued at $850 million (£690 million/€798 million), according to claims by a prominent stakeholder group in a recently published white paper. The Association for the Cannabinoid Industry (ACI) asserts that the process of introducing CBD products to the market via the Food Standards Agency (FSA) has been prolonged, marked by reversals, and executed without apparent coordination among the responsible authorities.