First licenses to grow MMJ issued in Jersey

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


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