CBDs Growing Use for a Variety of Benefits Including Relaxing and Putting that Extra Skip into Your Step
— Mansoor Siddique
EAST HAM, LONDON, UNITED KINGDOM, February 5, 2023 /EINPresswire.com/ — CBD is a hit. The legal CBD market in the United Kingdom has increased substantially over the last few years. Surveys conducted by YouGov and Dynata back in 2019, showed that somewhere between 8-11% or between four to six million adults in the UK had tried a CBD product within that year (https://www.theaci.co.uk/wp-content/uploads/2020/12/Report-_-CBD-in-the-UK.pdf). A survey by Cowen & Co. showed an estimated 65% of adults in the UK supported having open access to CBD (https://www.cowen.com/insights/cowen-collective-view-of-cbd/). When CBD first started gaining popularity back in 2019, the market value was around £300m.
In 2021 the legal CBD industry had grown in size surpassing projections reaching a value of £690m (https://www.incegd.com/en/news-insights/business-financial-crime-complexities-and-risks-operating-uk-cbd-market#:~:text=Consumers%20have%20an%20increasing%20appetite,%C2%A31%20billion%20by%202025.). Today, the legal CBD industry in the UK is quickly approaching a 2025 projected market value of £1B. The legal CBD industry in the UK is…
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