The Growth of the Cannabis Market in the UK - Business Media Group

The Growth of the Cannabis Market in the UK

Did you know, it was only in 1928 that Cannabis was first deemed an illegal substance in the UK? With not even 100 years that have since passed, the country has indeed seen many changes when it comes to the Cannabis industry as a whole.

Skip forward to today’s times and there’s no denying the increasing popularity in the uses of cannabis, seeing particular attention being given to the medical side of things and the potential that the plant holds, take CBD for example.

But it hasn’t always been smooth sailing…

A brief history lesson regarding Cannabis in the UK

As mentioned, it was only in the 1920s that cannabis became illegal and it was just in 1971 that it, in fact, became scheduled and classified as a Class B drug.

In 2004, the laws became a bit more relaxed, seeing cannabis scheduled as a Class C drug, however, fast forward five years later and it was once again classified as a Class B drug, reversing the previous tolerant rulings.

But times are constantly changing and 2018 was a huge year for the country seeing the legalisation of Medical Cannabis. The laws are still applicable today and if medicinal cannabis is required to treat a serious illness, a specialist registered doctor is legally able to give you a prescription.

The future for Cannabis in the UK 

CBD News is forever changing at such a rapid pace as new discoveries are made, and rules and regulations are mended constantly. 2020 was another instrumental year in the UK cannabis industry, with more advancements being made.

Firstly, the head of the UK’s Food Standards Agency rejected the EU Commission’s views in which they still consider CBD as a scheduled narcotics drug. This could potentially mean huge advancements and changes in the industry.

But what about Cannabis in 2021?

Following on from 2020’s CBD news, the second UK Cannabis License that will allow for the legal cultivation of medical-grade cannabis was granted in the beginning of 2021.

Is Cannabis legal in the UK? 

We’ve covered the medicinal part, but when it comes to utilising cannabis for recreational purposes, it’s still in fact 100% illegal in the UK and this includes the growing of it, unless licensed as a legitimate medicinal manufacturer.

However, over the past year, there’s been a surge in illegal cannabis growing, and strangely enough, many growers are turning to old and unused bingo halls as choices to set up manufacturing factories.

Buying or using cannabis for leisurely reasons is still a total no-go so it’s best to avoid any products that contain THC or at least a 0.2% THC content.

Worldwide effects 

Lastly, in case you didn’t hear the news, the end of 2020 did see something good come out of it, and in fact, the United Nations reclassified Cannabis removing it from the list of deadly narcotics, Schedule IV of the 1961 Single Convention on Narcotic Drugs.

This could potentially lead to big changes and effects across not only countries such as the UK, but globally too.

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