Tag: u.k.

Cannabidiol (CBD) Legalized in the U.K.

Cannabidiol (CBD), a nonpsychoactive ingredient in cannabis, has been legalized as a medicine in the United Kingdom. The U.K.’s Medicines & Healthcare products Regulatory Agency (MHRA) announced today that it has reclassified CBD so that it can be legally used for medical purposes. Up until this point CBD was as illegal as the plant it’s …

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U.K.: Legalizing Cannabis Could Save and Generate Over a £1 Billion, Save 670,000 in Police Time

If the United Kingdom legalized the possession and taxed distribution of cannabis for those 18 and older, it would generate and save (from reduced enforcement costs) over £600 million, and may end up generating and saving over £1 billion (roughly $1.55 billion). These numbers are according to a report from the nation’s Treasury Department, which …

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Over 165,000 Signatures Collected on Petition to Legalize Cannabis in the U.K.

A petition calling on the U.K. to legalize recreational cannabis has garnered over 165,000 signature, well more than the 100,000 required to put the issue to a parliamentary debate. “Legalising cannabis could bring in £900m in taxes every year, save £400m on policing cannabis and create over 10,000 new jobs”, states the petition. “A substance …

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New Report: Legal Cannabis Market Would be Worth Over £1.25 Billion Annually in U.K.

A new report conducted by the Institute for Social and Economic Research has found that cannabis legalization in the United Kingdom could bring in at least £1.25 billion (roughly $1.6 billion) annually in the U.K., including £300 million being saved from reduced enforcement costs. According to Professor David Nutt, director of the neuropsychopharmacology unit at …

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