A new government-backed cannabis trade organisation has been launched in Jersey in what has been described as a ‘landmark development’ for the emerging industry.
The Cannabis Services Advisory Board will hold monthly meetings between businesses, lawmakers and other interested parties. It will seek to work with the government on business development and regulation issues. Board members include medical cannabis cultivation business Northern Leaf and cannabis production company Cicada, both of which are Jersey-based, as well as cannabinoids business Tenacious Labs, which has offices in London and Miami.
Northern Leaf and Cicada both hold newly approved commercial medical cannabis licences, which allow cultivation and manufacturing of high-THC medical cannabis for export. A board statement says: ‘The board has been set up with support from the government to represent all interested parties in the emerging cannabis sector ranging from growers to financial services.
It promotes Jersey worldwide as a financial centre for the sector with the appropriate legislation and regulation. It is open to and welcomes additional members.
Read more at jerseyeveningpost.com