UK CBD Industry Embraces Trading Standards Partnership As Compliance Deadline Looms
UK CBD industry association, the ACI, joins others in forming partnerships with local authorities responsible for enforcing the new rules, which require all CBD food supplements on the market to hold a validated novel food application with the FSA. However, how effective enforcement will be in practice remains to be seen.
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INFOGRAPHIC: An interactive timeline of selected HBW Insight coverage of the growing European CBD dietary supplements market in 2020. The timeline covers the main events of a rollercoaster 12 months, including the European Commission’s indecision on whether to classify CBD as narcotic or novel food and how the path forward became clear in the UK.
Predicted to be worth at least half a billion dollars by the end of the year, the UK's CBD market shows no sign of slowing down. However, regulatory and consumer confusion is distributing the benefits of this growth unevenly, and holding back mass market retailers from leaning in fully, according to a HBW Insight analysis.
How can you enter the fast-growing UK CBD market before March 2021? There is only one way, according to Global Regulatory Services' CBD expert Greer Deal, who explained the situation at a recent Medilink East Midlands webinar.