• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Nutraceuticals
    • Markets
    • Health
    • Jobs
    • Events
    • Buyers' Guide
    • Showcases
    • More
  • Magazine
  • News
  • Exclusives
  • Nutraceuticals
  • Markets
  • Health
  • Jobs
  • Events
  • Buyers' Guide
  • Showcases
  • Current & Past Issues
    Features
    Columns
    Editorials
    Digital Edition
    Subscribe Now
    Advertise Now
    eNewsletter
    Editorial Guidelines
    Top Features
    Contract Manufacturing: Trials & Tribulations of Today’s Supply Chains

    Analytical Testing in Nutraceuticals: Methods and Mindsets to Uphold Quality

    Nutrition and Flavor: Formulating for Modern Product Preferences

    What Do Consumers Know About the Gut Microbiome?

    How Will the European Green Deal Impact Dietary Supplements?
    Breaking News
    Certifications, Approvals and Patents
    Exclusives
    Industry & Market News
    People
    Products
    Regulatory
    Research
    Supplier News
    Supplier Insights
    Live From Shows
    Top News
    Flower Pollen Extract Benefits Women’s Urinary Incontinence, Study Finds

    3i Solutions Announces New Leadership Positions

    INS Nutra Opens Gummy Manufacturing Facility

    Vital Nutrients Launches First Vegan Omega Supplement with SPMs

    Earth Mama Organics Achieves 'Plastic Neutral' Certification
    Exclusives
    Blogs & Guest Articles
    Health E-Insights
    Area Code 420
    eBook
    Antioxidants
    Dairy-Based Ingredients
    Enzymes
    Fatty Acids
    Fiber & Carbohydrates
    Green Foods
    Herbs & Botanicals
    Marine Nutraceuticals
    Minerals
    Omega 3s
    Probiotics & Prebiotics
    Proteins, Peptides, Amino Acids
    Sweeteners
    Vitamins

    Flower Pollen Extract Benefits Women’s Urinary Incontinence, Study Finds

    Vital Nutrients Launches First Vegan Omega Supplement with SPMs

    Bill Chioffi Joins Nammex as Chief Strategy and Innovation Officer

    FDA Issues ‘No Questions’ Letter for Chiber Mushroom Fiber Preservative

    VITAL Ancillary Study Finds No Link Between Vitamin D and Bone Fracture Risk
    Consumer Trends
    Contract Manufacturing
    Cosmeceuticals / Nutricosmetics
    Delivery & Dosage Technologies
    Dietary Supplements
    Flavors & Colors
    Functional Foods & Beverages
    Healthcare Trends
    Medical Nutrition
    Mergers & Acquisitions
    Natural/Organic
    Nutrition Bars
    Packaging
    Pet Nutraceuticals
    Quality & Safety
    Regulations
    Research
    Testing
    World Markets

    Flower Pollen Extract Benefits Women’s Urinary Incontinence, Study Finds

    3i Solutions Announces New Leadership Positions

    INS Nutra Opens Gummy Manufacturing Facility

    Vital Nutrients Launches First Vegan Omega Supplement with SPMs

    Earth Mama Organics Achieves 'Plastic Neutral' Certification
    Bone & Joint Health
    Cancer Risk
    Cardiovascular Health
    Cognitive Function
    Diabetes & Blood Sugar Management
    Digestive Health
    Energy
    Eye Health
    Healthy Aging
    Immune Function
    Infant & Children's Health
    Inflammation
    Men's Health
    Mood Health & Sleep
    Oral Health
    Sexual & Reproductive Health
    Skin Health
    Sports Nutrition
    Weight Management/Weight Loss
    Women's Health

    Flower Pollen Extract Benefits Women’s Urinary Incontinence, Study Finds

    Vital Nutrients Launches First Vegan Omega Supplement with SPMs

    VITAL Ancillary Study Finds No Link Between Vitamin D and Bone Fracture Risk

    Krill Oil Study Provides Evidence of Osteoarthritis Benefits

    Immunobiotic Heat-Killed Bacteria Linked to Skin Benefits
    Industry Events
    Live From Show Events
    Webinars
    All Companies
    Categories
    Trade Associations
    Company Capabilities
    International Buyers Guide Companies
    BGG World

    PhytoGaia Inc

    ESHA Research

    Nutrition21, LLC

    Atlantia Clinical Trials
    Companies
    Product Releases
    News Releases
    Literature / Brochures
    White Papers
    Jobs
    VIdeos
    Services
    Add New Company
    International Buyers Guide Companies
    BGG World

    PhytoGaia Inc

    ESHA Research

    Nutrition21, LLC

    Atlantia Clinical Trials
    • Magazine
      • Current / Back Issue
      • Features
      • Editorial
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers' Guide
      • All Companies
      • Categories
      • Trade Associations
      • Company Capabilities
    • Nutraceuticals
      • Antioxidants
      • Dairy-Based Ingredients
      • Enzymes
      • Fatty Acids
      • Fiber & Carbohydrates
      • Green Foods
      • Herbs & Botanicals
      • Marine Nutraceuticals
      • Minerals
      • Omega 3s
      • Probiotics & Prebiotics
      • Proteins, Peptides, Amino Acids
      • Sweeteners
      • Vitamins
    • Markets
      • Consumer Trends
      • Contract Manufacturing
      • Cosmeceuticals / Nutricosmetics
      • Delivery & Dosage Technologies
      • Dietary Supplements
      • Flavors & Colors
      • Functional Foods & Beverages
      • Healthcare Trends
      • Medical Nutrition
      • Mergers & Acquisitions
      • Natural/Organic
      • Nutrition Bars
      • Packaging
      • Pet Nutraceuticals
      • Quality & Safety
      • Regulations
      • Research
      • Testing
      • World Markets
    • Health
      • Bone & Joint Health
      • Cancer Risk
      • Cardiovascular Health
      • Cognitive Function
      • Diabetes & Blood Sugar Management
      • Digestive Health
      • Energy
      • Eye Health
      • Healthy Aging
      • Immune Function
      • Infant & Children's Health
      • Inflammation
      • Men's Health
      • Mood Health & Sleep
      • Oral Health
      • Sexual & Reproductive Health
      • Skin Health
      • Sports Nutrition
      • Weight Management/Weight Loss
      • Women's Health
    • Online Exclusives
    • Webinars
    • Slideshows
    • Blogs & Guest Articles
    • Health E-Insights
    • Videos
    • Podcasts
    • Infographics
    • eBook
    • Whitepapers
    • Research
      • TrendSense
      • Monograph Center
      • White Papers
      • Research News
    • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Supplier Showcases
      • Companies
      • Product Releases
      • News Releases
      • Literature / Brochures
      • White Papers
      • Jobs
      • VIdeos
      • Services
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    U.K. CBD Market Booms During Lockdown

    As of 2021, the estimated market size of the CBD industry is now 690 million pounds.

    U.K. CBD Market Booms During Lockdown
    Related CONTENT
    • Specnova Launches New Powder Form Delivery System
    • Packaged Facts: Plant-Forward Dieting On the Rise
    • What People Were Reading in July 2022 on NutraceuticalsWorld.com
    • MOROSIL™: SICILIAN BLOOD ORANGE INGREDIENT FOR HEALTHY WEIGHT MANAGEMENT
    • ADM delivers clean label dietary supplements for today’s health-conscious consumers.
    Mike Montemarano, Associate Editor 05.06.21
    Association for the Cannabinoid Industry (ACI) and Center for Medicinal Cannabis (CMC) announced the launch of a report today, entitled Green Shoots – Sowing the Seeds of the New UK Cannabis Industry, with a new assessment of the UK consumer cannabidiol (CBD) market, which is estimated to generate 690 million pounds in sales for the year 2021.
     
    This figure surpassed previous predictions made in a market sizing study undertaken by CMC in 2019, which then estimated that the market would be worth 526 million pounds in 2021. “The size of this cannabinoid sector is now impossible to ignore,” Paul Birch, co-founder of the CMC and ACI, said. “Almost without notice and certainly by accident rather than design, the UK has improbably become the world’s second largest consumer cannabinoids market.”
     
    The UK “now has the most evolved regulatory framework in the world for CBD,” the report concludes, citing recent interventions made by the Foods Standards Agency to regulate products as dietary supplements, and by the Home Office to consider what are safe and tolerable levels of THC contained in the products. The report calls for more government intervention and investment to ensure that the UK optimizes what it describes as ‘Britain’s quiet cannabis revolution.’
     
    The report claims that, due to domestic restrictions on hemp cultivation and processing in the UK, the bulk of profits for this industry are going overseas – UK farmers are required by law to destroy parts of the hemp crop which CBD is extracted from. The report argues that the market represents a key growth sector for the UK and that the government should adopt a proactive strategy to seize opportunities in the cannabinoids sector.
     
    The report makes 20 recommendations drawing on a submission recently made to a new governmental task force on Innovation, Growth, and Regulatory Reform, which was established by British Prime Minister Boris Johnson in February to stimulate post-COVID economic growth.
     
    The report authors call for a dedicated agency to license and oversee the CBD industry, a new center to fund, synthesize, and promulgate the best new clinical evidence to boost the UK’s nascent medicinal cannabis market, and urgent reform of licensing policy to steer and harness the emerging scientific evidence across the spectrum of the industry – including agri-science, plant genetics, novel synthetics, new therapies, and clinical trials.
     
    “With new government support the accidental consumer cannabis revolution that has allowed CCBD to become available on every high street in the UK could become permanent, nurturing hundreds of new businesses, thousands of jobs, and billions of pounds in exports,” Steve Moore, co-founder and strategic counsel to the CMC and ACI, said. “It’s hard to imagine the many more industries that could benefit almost immediately from the proposals set out in our report.”



    Mike Montemarano has been the Associate Editor of Nutraceuticals World since February 2020. He can be reached at mmontemarano@rodmanmedia.com.
    Related Searches
    • Consumer Trends
    • Herbs & Botanicals
    • Dietary Supplements
    • Natural/Organic
    Related Knowledge Center
    • Herbs & Botanicals
    • Regulations
    • Natural/Organic
    Suggested For You
    Specnova Launches New Powder Form Delivery System Specnova Launches New Powder Form Delivery System
    Packaged Facts: Plant-Forward Dieting On the Rise Packaged Facts: Plant-Forward Dieting On the Rise
    What People Were Reading in July 2022 on NutraceuticalsWorld.com What People Were Reading in July 2022 on NutraceuticalsWorld.com
    MOROSIL™: SICILIAN BLOOD ORANGE INGREDIENT FOR HEALTHY WEIGHT MANAGEMENT MOROSIL™: SICILIAN BLOOD ORANGE INGREDIENT FOR HEALTHY WEIGHT MANAGEMENT
    ADM delivers clean label dietary supplements for today’s health-conscious consumers. ADM delivers clean label dietary supplements for today’s health-conscious consumers.
    Substantiating Environmental, Social, and Governance Claims Substantiating Environmental, Social, and Governance Claims
    A Growing Herbal Products Market Still Faces Formidable Threats, Challenges A Growing Herbal Products Market Still Faces Formidable Threats, Challenges
    Analytical Testing in Nutraceuticals: Methods and Mindsets to Uphold Quality Analytical Testing in Nutraceuticals: Methods and Mindsets to Uphold Quality
    Medical Sales Representative Chiropractic – Irvine Medical Sales Representative Chiropractic – Irvine
    Medical Sales Representative – South Florida Medical Sales Representative – South Florida
    Medical Sales Representative – Riverside Medical Sales Representative – Riverside
    Medical Sales Representative – Denver Medical Sales Representative – Denver
    Medical Sales Representative – Tucson Medical Sales Representative – Tucson
    Medical Regional Sales Manager - Washington, DC Medical Regional Sales Manager - Washington, DC
    Medical Sales Representative – Sherman Oaks Medical Sales Representative – Sherman Oaks

    Related Breaking News

    • Breaking News | Delivery & Dosage Technologies | Dietary Supplements | Supplier News
      Specnova Launches New Powder Form Delivery System

      Specnova Launches New Powder Form Delivery System

      LipoVantage uses protective liposomes to maximize efficacy of active ingredients.
      08.03.22

    • Breaking News | Consumer Trends | Functional Foods & Beverages | Industry & Market News
      Packaged Facts: Plant-Forward Dieting On the Rise

      Packaged Facts: Plant-Forward Dieting On the Rise

      A new report from the market researcher breaks down the demographics and philosophies behind vegan, vegetarian, and flexitarian consumers.
      08.03.22

    • Dietary Supplements
      What People Were Reading in July 2022 on NutraceuticalsWorld.com

      What People Were Reading in July 2022 on NutraceuticalsWorld.com

      These were the most viewed stories in July.
      08.02.22


    • MOROSIL™: SICILIAN BLOOD ORANGE INGREDIENT FOR HEALTHY WEIGHT MANAGEMENT

      MOROSIL™: SICILIAN BLOOD ORANGE INGREDIENT FOR HEALTHY WEIGHT MANAGEMENT

      MOROSIL™ Moro Orange is a standardized extract derived from a highly pigmented Sicilian blood orange, Moro variety. Download our FREE Whitepaper to learn more!

    • ADM delivers clean label dietary supplements for today’s health-conscious consumers.

      ADM delivers clean label dietary supplements for today’s health-conscious consumers.

      With consumers prioritizing clean label appeal, producers are met with new opportunities to provide products that promote closer-to-nature ingredients.

    Loading, Please Wait..
    Trending
    • First Day Life Shuts Down Children's Behavioral, Cognitive Health Claims Following Challenge
    • Study Examines Vitamin K2 Content In Cheese
    • Pycnogenol Evidenced To Have Skin Benefits In Dermatology Study
    Breaking News
    • Flower Pollen Extract Benefits Women’s Urinary Incontinence, Study Finds
    • 3i Solutions Announces New Leadership Positions
    • INS Nutra Opens Gummy Manufacturing Facility
    • Vital Nutrients Launches First Vegan Omega Supplement with SPMs
    • Earth Mama Organics Achieves 'Plastic Neutral' Certification
    View Breaking News >
    CURRENT ISSUE

    July/August 2022

    • A Growing Herbal Products Market Still Faces Formidable Threats, Challenges
    • Analytical Testing in Nutraceuticals: Methods and Mindsets to Uphold Quality
    • Nutrition and Flavor: Formulating for Modern Product Preferences
    • Contract Manufacturing: Trials & Tribulations of Today’s Supply Chains
    • How Will the European Green Deal Impact Dietary Supplements?
    • What Do Consumers Know About the Gut Microbiome?
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Flower Pollen Extract Benefits Women’s Urinary Incontinence, Study Finds
    3i Solutions Announces New Leadership Positions
    INS Nutra Opens Gummy Manufacturing Facility
    Coatings World

    Latest Breaking News From Coatings World

    Lanxess' Entire Value Chain to Become Climate-Neutral
    Custom Cars Featuring PPG DELTRON Refinish System Take Awards at Goodguys 24th Summit
    HGTV Home by Sherwin-Williams Announces 2023 Color Collection of the Year
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Endologix's AFX2 Endovascular AAA System Earns EU Nod
    Elizabeth Coleon Joins Withings as Chief Marketing Officer
    U.K. Strengthens Medical Device Regulations
    Contract Pharma

    Latest Breaking News From Contract Pharma

    BioIVT Acquires Scottish Drug-metabolizing Enzyme Manufacturer Cypex
    Schott Creates Stand-Alone Company for its Pharma Business
    Marken to Acquire Medical Courier Business of Cedra Express
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Body Shop Expands Partnership with Uber
    COSRX Launches Vitamin E Vitalizing Sunscreen
    Weekly Recap: Kylie Makeup Lab Controversy, Glossier Pivots to Retail and Wholesale & More
    Happi

    Latest Breaking News From Happi

    Hallstar To Purchase Lanxess’ Polymer Additives Production Site in Greensboro, NC
    Uber and The Body Shop Expand On-Demand Delivery Partnership Nationwide
    Australia-Based Teeth Whitening Technology Leader White Glo Enters US Market
    Ink World

    Latest Breaking News From Ink World

    Xerox Board of Directors Names Steven Bandrowczak as CEO
    ALTANA AG to Sell Its Stake in dp polar to 3D Systems
    Weekly Recap: Zeller+Gmelin, Epple Druckfarben Lead This Week’s News Stories
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Eukalin acquires Adhesives Specialists
    EyeC unveils new inspection products
    Errol Moebius named VP of IST America
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Weekly Recap: A New Day for Hygiene, Glatfelter Reports Q2 Results & More
    Dyper Achieves B Corp Certification
    Edgewell’s Sales Grow
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    OSSIO Rolls Out OSSIOfiber Suture Anchors in U.S.
    MicroPort Navibot’s SkyWalker System Cleared by FDA
    NuVasive Inc. Reports Q2 2022 Financial Results
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Infineon Technologies AG Offers Secured NFC Tags
    Universal Display Announces 2Q 2022 Financial Results
    Xerox Board of Directors Appoints Steven Bandrowczak as CEO

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login