[Hemp Today] ACI opens Brussels office to support members on EU novel food applications
The Association for the Cannabinoid Industry (ACI) has opened a new office in Brussels as the UK-based organization expands its membership offer into the European Union.
[Hemp Today] ACI offers to guide CBD products in fast growing UK market
Hemp Today takes a closer look at ACI’s new membership offering and explores how we can help business gain access to the lucrative UK market.
[CanEx] The UK Has The World’s Second Largest CBD Market
Even the coronavirus pandemic couldn’t stop the UK cannabis market to keep growing as a new report claims that the UK has the world’s second largest CBD market behind the US.
[Speciality Food] A fresh look at CBD: what food retailers need to know
With brand new CBD regulations coming into force this year and an array of products hitting the market, Speciality Food put CBD food and drink under the microscope.
[Mugglehead] With world-leading CBD rules, UK market to reach $1.2B in 2021
Now that the UK regulates CBD as a natural supplement, industry groups are calling on the government to reform contradictory hemp laws
[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.
