The paper, which has been backed by Conservative MP Crispin Blunt, outlines the economic and environmental benefits of embracing hemp, by promising to boost the ‘the government’s pledged green recovery and to kick start the economic bounce back by boosting Treasury income. The British CBD market, the concentrated oil which is extracted from hemp flower, is currently worth £300million with estimates valuing the market at around £1billion by 2025.
In the last few weeks DEFRA Minister Victoria Prentis has discussed solutions to hemp policy, whilst George Freeman MP has championed hemp reform and investment as part of the Taskforce for Innovation, Growth and Regulation.
Gary Grant co-wrote the report with leading cannabis solicitor Robert Jappie of Ince, Lily Temperton of cannabis consultancy Hanway Associates and Liz McCulloch of Volteface. The report has been widely reported on national media.
Gary is Head of FTB’s Cannabis Law Group and at the forefront of advising businesses and bodies on the legal cannabis market in the UK.