CBD

ACI offers to guide CBD products in fast growing UK market

Share this:

The UK’s Association for the Cannabinoid Industry (ACI) has introduced a new “2022 Accelerator Package” membership program to support raw material suppliers, manufacturers, brands and retailers in navigating food safety regulations in the UK’s burgeoning CBD market.

The new program comes as ACI said it expects CBD sales to hit £690 million (€800 million) this year, raising an earlier estimate which projected the market would reach just £314 million (€364 million) in 2021. That would make the UK CBD market the second biggest in the world behind the U.S., ACI said.

The latest market projection came in “Green Shoots,” a recently-released ACI report, and is based on a consumer survey by public policy and research specialist Public First, and population data from the Office of National Statistics.

Rules developing

While the UK has established a path for CBD products to qualify under food safety standards, daily intake levels and other issues are continuing to be worked out for the sector.

The new ACI membership program is designed to guide cannabinoid products through the UK’s novel foods regime intended to ensure that new consumer foods are safe. ACI said the enrollment program provides new members an end-to-end solution for full market authorization for their raw material and food products containing legal cannabinoids.

ACI provides technical and scientific advice, writes the application and offers follow-up consulting throughout the novel food approval process. The Association also provides B2B marketing and communication services.

Access to toxicological data

The new membership program saves participating companies money and time by offering cost-effective access to licensed toxicological data from ACI’s safety consortium. The data is a key part of dossiers required for novel foods applications to the UK’s Food Standards Agency (FSA) and the European Food Safety Authority (EFSA). ACI experts also offer bespoke consultancy services to its members, and the Association represents the industry in government on regulatory and other issues.

ACI’s 2022 Accelerator memberships start at £30,000 (~€35,000) but are based on the number of products a member wishes to submit as novel foods. All memberships include a £6,000 credit account that can be redeemed for consulting, sponsorships and services including legal, communications and trading standards. ACI said the accounts expedite the process of engagement by cutting administrative time.

The 2022 Accelerator Package succeeds the Association’s legacy membership program, which supported studies and general consciousness raising about cannabinoids and food safety in the UK.

ACI is a limited liability company affiliated with the UK’s Centre for Medicinal Cannabis.

MORE:
ACI’s 2022 Accelerator Package
UK Green Shoots Report

Recent Posts

CBD varieties don’t perform to COAs, Georgia researchers say

The hemp industry needs a robust certification system that will give growers more confidence in…

July 29, 2021

Alberta Hemp Alliance gets $300,000 grant to boost supply chain

The Alberta Hemp Alliance has received a two-year $300,000 grant from the Canadian Agricultural Partnership,…

July 29, 2021

$65 million awarded farmers in fraud case against Canadian, U.S. execs

A group of Canadian and American business executives committed negligence, fraud and deceit when they…

July 28, 2021

Washington will certify extracts produced for sale in other states

Washington state's Department of Agriculture will begin to certify hemp extracts, in a move officials…

July 28, 2021

Initiative to consolidate the global hemp industry is launched

Organizations from around the world are joining to form an international association to advance the…

July 27, 2021

CBD company sues air carrier over lost shipment of flowers

A North Carolina CBD company is suing a private air carrier for $2 million over…

July 27, 2021