Cannabis 'to be legalised in the UK' within five to ten years, say MPs
A group of cross-party MPs predict that the use of cannabis will be legalised in the UK within the next five to ten years following a fact-finding exercise in Canada's growing cannabis market.
The sale of cannabis-based products has become "big business" in both the US and Canada, however, state control governing use of cannabis remains stricter in Canada compared to the US. Each of the MPs are reported to believe that the UK will follow in Canada's footsteps in the future but possibly with even greater controls being put in place by the UK government.
The latest position taken by the MPs shows that the UK government is aware of the growing demand for cannabis-based products and the need to regulate its sale and use. At present, dealing in cannabis-based products in the UK is only lawful in certain circumstances for pure CBD products or otherwise under a specific exemption under the medicines regulatory regime. Accordingly, this is a positive step towards the UK fully opening its doors to businesses operating in the cannabis industry. Businesses looking to enter the cannabis market in the UK should therefore be taking steps now to obtain specialist advice and prepare to enter the UK market.
More information can be found here on the BBC website.