fbpx

Age Verification

ARE YOU 18+ OR OLDER?

This website requires you to be 18+ years of age or older. Please verify your age to view the content, or click “Exit” to leave.

Exit

CBD market predicted to reach £39bn by 2028 as usage steadily rises

CBD products are ingestible in the form of oil, gummies or capsules

CBD Cannabis Trades Association

Usage of products containing the cannabis ingredient CBD is “steadily rising”, with the market expected to reach £39bn by 2028. 

New research by Product of the Year, published last week, found seven out of 10 Brits have never tried a CBD product, but managing director Helga Slater predicts growth in the category. 

“We don’t have to look further than its success in the US, where CBD products have won Product of the Year awards three consecutive years in a row, to see the direction we’re likely to be headed in. This is a category that is rich in innovation, and we’re excited to see where it goes.” 

CBD products are ingestible in the form of oil, gummies or capsules. In April, the Food Standards Agency unveiled a list of CBD products that are able to be sold in independent stores, in the latest step to regulate the market. 

Read more CBD product news and category advice

Comments

This article doesn't have any comments yet, be the first!

Become a member to have your say