While nicotine vapes were seen as fad, consumers flocked to specialist retailers and online stores. Today nicotine vape products are available in almost every convenience store. Stores like yours were left behind, today the convenience retail sector makes up only 11% of the UK's nicotine vape marketplace.
Across Europe CBD is gaining greater popularity as both an alternative medicine and as a health food. Demand is growing at a rate of 39% p/a and is expected to keep apace until at least 2025. Across the UK CBD Sales for January 2020 indicate a 1,219% year-on-year increase and a significant shift to general retail is projected by 2028.
An estimated 7.3 million people use CBD in the UK every year and it's forecasted that the UK legal cannabis market will be worth £2.3 billion by 2024.
As the CBD category grows across retail channels, by 2028, the convenience and mainstream retail sector will make up over 18% of the market, it currently makes up only 7%.
Our founder's family background is in convenience retail stores, as such we understand the need to give consumers as many reasons as possible to shop in their local store. We made the decision to become the only CBD brand in the UK (to date) that is retailed exclusively offline. Visitors to our website will be directed to their nearest stockist. We not only wholesale CBD to convenience retailers, in shelf-ready packs, we send them our own customers too.
By partnering with the UK's largest manufacturer of CBD ingredients, we're already one-step-ahead of the curve. We're confident that we'll have the necessary authorisation in place, to remain on the market and stay on the shelves, in plenty of time.
Are you confident that your current wholesale CBD supplier will be able comply with the FSA's novel food authorisation ruling? If not, talk to us today, don't take the chance of being left with products that could get taken off your shelves.
Do you want to offer pharmaceutical-grade CBD products with your store or group's own label?
Source any of our Active CBD products and we'll customise them with your labels and packaging.
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