Yesterday, the All-Party Parliamentary Group (APPG) for CBD (Cannabidiol) Products presented the Plan for a Legal and Regulated UK Hemp and Cannabis Sector to Her Majesty's Government in an effort to develop a robust, well-regulated UK cannabis market.
The APPG paper outlines the potential benefits of a thriving cannabis industry in the UK, including new job opportunities, economic growth and the ability to meet “Net Zero” climate responsibilities by 2050. The APPG, co-chaired by Baroness Manzoor CBE and Crispin Blunt MP, urge Her Majesty's Government and other key players to read, understand and potentially act upon the suggestions offered in the plan. The paper lays out a framework that advises on the necessary steps that need to be taken in order to produce a new legal economic sector that benefits the UK.
If put into practice, the APPG Business Plan will have the following benefits:
The analysis shows how cooperation between the key players such as the government, parliament, and cannabis businesses can lead to future investment, support and protect farmers and entrepreneurs, and strict trading standards. It also outlines essential rules, such as Novel Foods, that need to be amended.
Colorado was used as a yardstick in order to provide a glimpse into the requirements for a nation striving for world-class regulation leadership. The county illustrated the problems that any future administration and parliament must address, while also illuminating the difficulties in securing the significant economic benefits that could result from legalisation in the future.
The blueprint for achieving these potential benefits is laid out in the business plan, covering all the benefits and uses of cannabis, from prescription medication to cattle feed. There is a substantial financial incentive to develop a properly regulated sector that can transform the UK at a time when more money is needed to cover the country’s debt.
Twenty-three specific recommendations have been made in order to maximise the industry's considerable value creation potential, including the following:
Based on feedback from trade organisations representing more than 70% of the UK's cannabis industry, the Business Plan clearly outlines the key potential for a domestic cannabis market. This will help the government meet its duty to ensure cannabis-based products' variety, availability, and affordability. This is essential to protect consumers, create new jobs, and eliminate the black market. It is clear that adopting the suggestions laid out in the business plan will significantly benefit the UK.
Take two of the most hot-button, tendentious issues of our time – cannabis use and gun rights – combine them, and now we really have a debate. As the law currently stands, medical cannabis patients are not afforded their 2nd amendment right to bear arms. Technically, all cannabis consumers are banned from buying guns, but only medical […]
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University of Sydney to Offer Free Cannabis Testing by Johnny Green
The University of Sydney is launching a fairly robust study in an attempt to, as the university describes it, “investigate cannabis consumption, behaviours, and attitudes among users.” Part of the study involves offering free, anonymous cannabis testing for people that cultivate their own cannabis in the Australian Capital Territory (ACT). Cannabis was decriminalized in 2020 in the […]
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