UK CBD Sales Surge
Research from two industry pressure groups reveals the UK cannabinoid (CBD) industry was worth £690mln in the 12 months to the end of April – up almost a third since a 2019 estimate.
CBD is the non-psychoactive element derived from both marijuana and hemp plants. It is used in an array of products for conditions such as anxiety and insomnia through to skincare. Its healthcare benefits, however, are yet to be proven.
The data provided by the Association for the Cannabinoid Industry (ACI) and Centre for Medicinal Cannabis (CMC) describes what it calls a ‘quiet cannabis revolution’.