LONDON, November 1, 2018
LONDON, November 1, 2018 /PRNewswire/ --
Public perception of Cannabis is changing, and law-makers are beginning to take a softer stance on the topic. Even ex-London police chief Bernard Hogan-Howe has recently stated that the UK needs to look closely at the topic. Given the recent upsurge in Cannabis-related news, it begs the question: Is CBD the next big thing?
According to a recent article*, the Cannabis-based products industry is set to explode over the next few years with the market potentially worth some $2.1 billion by the end of the decade.
Former Metropolitan Police commissioner has said** that the "legalisation of cannabis in parts of the US and in Canada means it is time for the UK to look closely at this issue."
MariPharm UK's CEO Adam Salim has commented:
"As an industry we are delighted that Lord Hogan-Howe raised this subject.
In November the UK will make the prescription of cannabis-based products legal, and as a result the industry is enjoying a massive shift in perception. We're seeing a huge shift from the outdated stigmatised stance on Cannabis and its derivatives, to a culture that is discussing the potential benefits and opportunities that Cannabis-related products present.
And that's good, not only for us, but also for people who use cannabis-based products in their day to day regime. CBD is not only a food supplement***, it is now becoming a super supplement that is being used in skincare, wellbeing, nutritional guides, workout routines, and so much more. Major high street stockists are seeing the opportunity in CBD.
CBD has really taken the public by storm and with high profile professional sports athletes now taking the product, we expect double digit growth year on year for the UK CBD market."
MariPharm UK's CEO Adam Salim has further explained in an upcoming interview with Business Reporter:****
"Contrary to many people's understanding of CBD, these products won't give you a "high". They do not have a psychoactive element. Given the progress in the US and Canada, I believe we are entering a new and exciting era for cannabis-based products, where their true value will be appreciated all around the world. We believe that in time, the UK can become a beacon nation for cannabis-related products and there are huge opportunities to be had."
Notes for editors
MariPharm UK is the trading name of UK CBD Distribution Ltd, one of UKs leading distributers of high-quality legal CBD oil and skincare products.
**The Channel 4 Dispatches programme "Cannabis: Time To End The Ban?" aired on Channel 4 on Monday 22 October at 8pm.