Intelligence

10 CBD Business Opportunities You Could Consider

If you’re on the lookout for CBD business opportunities in the UK, we’ve come up with 10 for you right here.

For savvy entrepreneurs, the CBD market could be very lucrative. In the UK, 71% of adults are now aware of CBD-based products, according to a YouGov survey commissioned by the Association for the Cannabinoid Industry (ACI).

Moreover, Global Market Insights is forecasting that the European CBD market value will reach $28.7bn (£21.3bn) by 2027.

Here are some ideas for CBD business opportunities in the UK, where cannabidiol is legal to buy and sell as long as it doesn’t contain more than 1mg of THC per pack.

1. Produce CBD oil products

One of the most natural ways to capitalise on this growing market is to produce the most popular type of CBD product in the UK – that’s CBD oil, according to YouGov.

CBD oil is extracted from hemp plants, then diffused into a carrier oil so that it’s suitable for consumption, usually sublingually (placing it under the tongue).

We’ve written a six-step guide on how to become a CBD oil distributor in the UK. Our advice for getting started is to:

  1. Know your market
  2. Write a business plan
  3. Register your business
  4. Establish your brand
  5. Choose your products
  6. Join trade organisations

Cannabidiol companies cannot make any claims about medical benefits, but CBD oil can be sold in the UK as a wellness ‘novel food’ supplement.

Any food products containing CBD need approval from the Food Standards Agency (FSA) before they can be sold.

2. Make CBD cosmetics, bath lotions and soaps

CBD has potential anti-inflammatory and antioxidant properties, making it an increasingly popular ingredient in cosmetics.

Many people use lotions featuring CBD to try soothing their aching muscles, or use fragrant bath bombs to relax, unwind and clear their mind.

CBD cosmetics can be used topically by applying directly to the skin.

3. Make CBD tinctures

CBD tinctures are created by saturating hemp plant material in alcohol, sometimes gently heated. The alcohol extraction method helps tinctures to have a longer shelf life.

The CBD is then infused, the plant matter strained, flavourings or sweeteners added and the new solution is bottled.

Some people prefer the flavour of tinctures over CBD oil, which is unflavoured.

Similar to CBD oil, tinctures can also be used sublingually, or alternatively they can be taken as a food additive. 

4. Create CBD capsules or edibles

CBD capsules can be swallowed with water and, in this form, it’s easier to ensure dosage uniformity and regularity.

It’s also possible to create CBD-infused sweets and gummies

The best CBD edibles are full of flavour, vegan friendly, gluten free and don’t taste artificial in any way. 

Alternatively, you could consider vape oils as one of the more unique CBD business opportunities in the UK.

CBD business opportunities uk - CBD gummies

5. Create CBD-infused drinks

CBD oil is already found in a wide range of hot and cold beverages throughout London’s cafés and bars.

Infused drinks could be a good way to introduce CBD oil to consumers who are keen to try it, but not yet ready to buy a bottle outright.

While oil and water don’t mix, water soluble CBD is available and easy to dissolve in drinks. Also check out our previous article on the potential benefits of CBD tea!

CBD business opportunities uk - CBD tea

6. Open a CBD-themed restaurant

Similarly, several restaurants have started offering CBD treats and snacks

Eateries which have previously offered food containing cannabidiol include Plant Hub and Yogland, with its Hemp Matcha CBD frozen yoghurt!

In the UK, a third of consumers say they would buy CBD-infused food or drinks.

7. Make CBD bottles and containers

For those without the means to buy or create wholesale cannabidiol, there are other CBD business opportunities in the UK to consider. How about packaging, for example?

After all, premium CBD can’t be sold in any old container. Ideally, it should go into a high quality bottle with a glass pipette and a child-proof dropper cap.

A lot of care goes into creating CBD products and that’s also true for its packaging. 

8. Become a CBD marketer or influencer

Creating a great new product is one thing, but it won’t be one of the best CBD business opportunities in the UK without the right marketing.

Strong CBD marketers can help differentiate products from the competition and work out where to advertise them, as well as to whom.

Similarly, influencers with the right type of follower base can capitalise on the growing market by endorsing CBD products and bringing in new business.

9. Become a CBD retailer

The ACI also reports that there were 1.6 million people in the UK calling themselves regular CBD consumers as of 2020. 

Becoming a dedicated cannabidiol retailer is a good way to capitalise on this.

CBD customers want proven, effective products which are high quality and competitively priced. That’s what CBD retailers want too! 

Retailers don’t need a licence to sell other brands’ CBD in the UK as they do, for example, to sell alcohol. Whereas alcohol is a psychoactive drug, CBD is not. Do make sure, however, that CBD products you sell are sold as food or nutritional supplements, and not medicines.

10. Research potential for new CBD medication

Cannabis-based medicines are legal in the UK as of November 2018, but only for exceptional circumstances and rare conditions.

Epidyolex, which is a purified liquid including CBD, has been licensed to treat two types of rare epilepsy. 

Depending on medical research, new CBD-based medicines could be created to treat other health conditions.

Companies looking to produce CBD-based medicines need a licence from the Medicine and Healthcare Products Regulatory Agency (MHRA).

Final thoughts: CBD business opportunities UK 

We hope that the above has given you some food for thought if you’re looking out for UK CBD business opportunities.

As with any commercial venture, it’s important to check you’re getting involved for the right reasons. 

So, here are the questions you should ask yourself when you’re thinking about taking part in any CBD business opportunities in the UK.

For further information about CBD products or any other queries, please get in touch!

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