The UK implemented its medical cannabis law in November 2018, signifying the first time patients could obtain cannabis-based medicinal products (CBMPs) without one-off exemptions. Since then however, the market has struggled to develop, with only a few hundred prescriptions being written so far.
On the other hand, the CBD wellness market in the UK is evolving rapidly, with an increasing number of high street stores stocking a wide variety of CBD products, ranging from oils and capsules to vapes, edibles and drinks.
By October 2019 there were over 1.6 million regular users of CBD products in the UK*.
*Materia UK CBD Market Segmentation Report 2019
As UK physicians become acquainted with medical cannabis’ benefits and policymakers determine how to expand patient access, Materia has established partnerships to import and distribute CBMPs, in preparation for the expansion of the UK medicinal market.
Materia is a founding member of the Centre for Medicinal Cannabis (CMC), which is the UK’s leading industry membership body for businesses operating in the cannabis-based medicinal product market.