[Food Navigator] UK CBD market ‘the world’s second largest behind US’, association body claims
Consumer demand for CBD products has soared during lockdown, according to the Association for the Cannabinoid Industry (ACI), which estimates the sector will generate £690 million in annual sales this year, above a previous forecast of £526 million.
[Nutrition Insight] UK CBD sector estimated value almost US$1B, exceeding 2021 sales predictions
“We were expecting it to grow,” Steve Moore, co-founder and strategic counsel to the CMC and ACI, tells NutritionInsight. “It was always likely that when levels of stress and anxiety would rise with the various lockdowns we’ve had here in the UK, the pandemic would increase demand.”
[Sky News] ‘Accidental’ boom in cannabis products could see annual sales hit £690m
Sky News reports on our new report and how sales of consumer cannabis products have undergone an “accidental” boom during the pandemic.
[Proactive] UK cannabis industry growing like a weed, report reveals
Research from two industry pressure groups reveals the UK cannabinoid (CBD) industry was worth £690 million in the 12 months to the end of April – up almost a third year on year.
[Hemp Today] Rules hold back local players as UK CBD market seen hitting €800 million
The UK CBD market could generate £690 million (€800 million) in 2021 sales. More government intervention and investment is needed “to ensure that the UK optimizes ‘Britain’s quiet cannabis revolution’,” ACI’s report urges.
[Business Leader] Demand for CBD Soars During Lockdown as UK Market now Estimated at £690M
The sector is now estimated to generate £690 million in annual sales for 2021. This figure surpasses predictions made in the seminal market sizing study undertaken by the CMC in 2019 which estimated the market would be worth £526 million in 2021.
[Talking Retail] Demand for CBD soars during lockdown, research reveals
The report argues that the market represents a key growth sector for the UK and it is time for the government to adopt a proactive strategy to seize opportunities in the cannabinoids sector. It makes 20 recommendations to stimulate post-Covid economic growth.
[Cannavist] UK CBD market smashes expectations with £690m estimate
The UK CBD sector is predicted to generate £690 million in annual sales in 2021, according to a new report from two leading industry bodies.
The report from the Centre for Medicinal Cannabis (CMC) and the Association for the Cannabinoid Industry (ACI) was published this morning.
Market Sizing: Demand for CBD Soars During Lockdown As UK Market Now Estimated at £690 Million
ACI and Centre for Medicinal Cannabis (CMC) today launch the report Green Shoots – Sowing The Seeds Of The New UK Cannabinoid Market with a new assessment of the size of the UK consumer cannabidiol (CBD) sector.
[The Grocer] As CBD novel foods deadline passes what are the category’s prospects?
CBD brands have had more than a year to sort out their novel food applications, but only three have made the grade so far. The Grocer investigates what’s going on?
