The Dire Implications For the UK Cannabis Industry Under Recommended THC Levels

Nick Morland speaks to Ben Stevens of BusinessCann. Original article here

Tenacious Labs has been appointed secretariat of the CBD All Party Political Group (APPG), its role seeing the company act as a bridge between the UK’s cannabis industry, including around 700 companies on the APPG’s advisory board, and the government providing guidance on how the industry could and should develop.

Tenacious Labs believes CBD has the potential to become a multi-billion pound long-term premium industry, following a similar model to Scotch Whiskey, which is estimated to be worth £5.5 billion in GVA to the UK economy, and has created over 42,000 jobs in 7000 rural and deprived areas throughout Scotland.

However, Tenacious Labs highlights that the government currently faces a decision as to whether to implement the recommendations of the ACMD, leaving the potential future of the British CBD industry to hang in the balance.