Business Cann(UK) reports
LAST week the All Party Parliamentary Group (APPG) for CBD Products called on the Government to establish a single ‘genuinely industry-representative’ body to guide the future framework of CBD in the UK.
THIS AFTERNOON… MUST READ#APPGCBD #SAB #CBD #Cannabis #Hemp #CTAUK https://t.co/bYBQAWZfDh
— Cannabis Trades (@cannabis_trades) April 26, 2022
This newly proposed entity would not only seek to bring together the views of over 700 businesses, representing 70% of the UK’s CBD industry, but address the ‘negative impact of current regulation and the difficulty of getting industry views… to Government’.
According to the Cannabis Trades Association (CTA), the proposals would have a ‘real impact’ on the progression of the sector, and ‘will mean the Government taking (the industry) seriously’ should they be adopted.
As the UK makes its first steps to becoming the first country to regulate the CBD market, the group hopes these new simplified, focused lines of communication will allow it to create a plan for a lucrative ‘long-term cannabis industry’ in the UK in partnership with the Government.
New Entity
Co-chairs of the APPG for CBD Products, Crispin Blunt and Conservative life-peer Baroness Manzoor, penned a letter to the Department for Business, Energy and Industrial Strategy’s (BEIS) George Freeman requesting an ‘urgent meeting’.
It suggested that the UK CBD industry was ‘greatly concerned’ about current regulation and its lack of meaningful input in having shaped it, adding that the inclusion of the industry’s views in future decisions will determine whether it has a ‘bright future’ or will be ‘destined for bankruptcy’.
It also included a number of recommendations from the APPG’s Secretariat Advisory Board (SAB), which includes a numerous major trade associations including the CTA, The Cannabis Industry Council, the European Industrial Hemp Association and Scottish Hemp Association alongside hundreds of active cannabis related businesses from across the UK.
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