The report suggested that CBD usage was no longer limited to trendsetting millennials but had reached the mainstream. It found that 8-11% of UK adults had tried CBD products, with usage high across classes and age groups.
Cannabidiol, or CBD, is one of more than 100 cannabinoids found in the Cannabis sativa plant species. Unlike its cousin tetrahydrocannabinol (THC), CBD doesn’t have any psychotropic or intoxicating effects. In other words, it doesn’t get you ‘high’.
Step 2: Write a business plan
You’ll need to decide whether you want to sell purely online or in physical stores. Either way, you’ll need a well-designed website to help you engage with customers and appear reputable.
As a CBD distributor, sourcing high-quality products should be a top priority. Ensure the products you sell are made in clean conditions in reputable, ISO-certified laboratories. It’s a good idea to choose products made from organic hemp, to minimise the risk of introducing contaminants like heavy metals.
If you’re looking to secure investment or a business loan, a business plan is absolutely essential. A strong business plan can also help to garner support from suppliers, customers and potential employees.
There needs to be a defined commercial end use and the Home Office only issues licences for cultivation of plants from approved seed types with a THC content not exceeding 0.2%. The ‘0.2%’ reference is used solely to identify varieties which may potentially be cultivated, within the scope of this policy, and to differentiate between the fee level is applicable under the Misuse of Drugs (Fees) Regulations 2010. The Hemp (Third Country Imports) Regulations 2002 also require, except in specified circumstances, that hemp from ‘third countries’ be imported under a licence and, in the case of hemp seeds other than for sowing, under an authorisation.
There are two separate licensing regimes relating to cannabis cultivation, according to whether the varieties are high or low THC (as differentiated in the Misuse of Drugs (Fees) Regulations 2010). This factsheet may also be read in conjunction with published guidance relating to low-THC Industrial Hemp cultivation and use of non-controlled hemp products from fibre and seed.
General licensing principles and interaction with other agencies
For a CBD and other cannabiniod products to be lawfully available for human consumption it needs to either meet the Exempted Product Criteria in Regulation 2 of the MDR 2001 or the definition of a CBPM in Schedule 2 to the MDR 2001 for its possession to be lawful.
(c) is— (i) a medicinal product, or (ii) a substance or preparation for use as an ingredient of, or in the production of an ingredient of, a medicinal product”
For example, a product containing, schedule 1 substance(s) – e.g., controlled cannabinoids – could not practically be prescribed, administered, or supplied to the ‘public’ unless it is an exempt product or a CBPM.