Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

The highs and lows of cannabis regulations in UK

The global cannabis industry is frequently characterized as a “booming market,” much to the frustration of many British businesses, which feel a lack of clear domestic regulation puts them at a disadvantage when it comes to harnessing burgeoning interest in the plant’s potential applications.

While recreational cannabis remains illegal in the UK, cannabis and cannabis-derived products are authorized to varying degrees for use as medicines, pharmaceuticals, and consumer products.

Critics say the lack of firm rules about how cannabis-based products are made and marketed is deterring investment in the sector. This, they say, is evidenced by the fact that most British businesses innovating in the cannabis industry are small-to-medium sized companies, while big global brands wait on the side-lines.

While this creates opportunities for smaller companies to seize market share and make themselves attractive acquisition targets further down the line, many fear the UK will miss its chance to become a meaningful player in what is already a lucrative international market.

Read more at analyticalcannabis.com

Publication date: