Licenses for the commercial growing of medicinal cannabis have been issued by the government – the first of their kind in the Channel Islands.
Economic Development Minister Lyndon Farnham hailed the move as the ‘birth of a new economic sector’ for the Island. The government has previously indicated its intention to diversify the rural economy, including enabling a medicinal cannabis industry.
A total of 20 European countries have approved the use of medicinal cannabis and the industry could be worth $3.9 billion worldwide by 2025.
Senator Farnham said: ‘These licenses represent the birth of a new economic sector in Jersey. It will have an important economic impact, driving high-value economic diversification, creating jobs, encouraging inward investment and generating tax new revenues to support economic recovery.’
Read more at jerseyeveningpost.com