Isle of Man government opens the door to cannabis exports


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The Isle of Man (IOM) Government has opened licence applications for the production, distribution and export of medical cannabis products.

A Gambling Supervision Commission (GSC) regulatory framework will detail the requirements for the licensing of hemp and high-THC products.

The move ‘marks a significant step in the IOM’s bid to be a world-leading exporter of medicinal cannabis,’ a government spokesperson said.

The move is expected to help with COVID recovery by boosting employment opportunities for the island.

It could see the creation 250 new jobs and £3 million in annual benefits over the next few years, the government said, including infrastructure to support the new sector.

Minister for Enterprise, Laurence Skelly MHK, said:

“I am delighted to welcome licence applications and look forward to attracting quality businesses to the Island, transforming the cannabis export sector into a key contributor to the Isle of Man’s post-COVID economic recovery.”

Mark Rutherford, Director of Policy and Legislation at the GSC, added:

“Years of prohibition mean that the markets in which our licensees will be participating are still in their infancy and still contain many uncertainties.

“To address this situation, it is our aim to ensure that consumers who purchase Isle of Man products will be able to understand exactly what their product contains through accurate labelling and independent testing.”

Plans to allow doctors too prescribe medical cannabis on the island were paused in March while the government dealt with the impact of the pandemic.

Douglas South MHK Claire Christian called on the government to follow the ‘Jersey model’ to allow a small number of GPs to prescribe the medication.

In January, Jersey startup Northern Leaf became only the second UK company to be granted a licence to cultivate, manufacture and export high-THC medical cannabis.

The post Isle of Man government opens the door to cannabis exports appeared first on The Cannavist Magazine.

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