Study: U.K. Cannabis Industry Could Be Worth $2.8B Per Year

Study: U.K. Cannabis Industry Could Be Worth $2.8B Per Year If These Problems Are Fixed


A new research paper is shining light on the outdated laws and regulations currently hindering the U.K.’s CBD and medicinal cannabis industries.
Written by Maple Tree Consultants and Mackrell. Solicitors, the paper is supported by sixteen industry heavyweights including Prohibition Partners and the Primary Care Cannabis Network. Its findings refer to distinct areas of the cannabis industry, including CBD, hemp and medical cannabis.
Time To Relax
The paper calls on the government to review its restrictive approach to the U.K. cannabis industry, which could be worth billions of pounds and create tens of thousands of jobs.
Not only would the emergence of a domestic cannabis sector help stimulate the U.K. economy post-pandemic, it would also transform access for the estimated 1.4 million individuals currently sourcing medical cannabis illegally, the paper argues.

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