Plans for a £100m complex on the Isle of Man to grow and export medicinal cannabis could be "game-changing", the firm behind the scheme has said. Peel NRE has outlined proposals to build indoor cultivation facilities alongside a new research campus on land near Cooil Road in Braddan.
The firm is currently asking for views from the public on the plans.
Finance director Chris Eves said there was "never a better time to grow the industry than the post-pandemic era". The firm is part of billionaire island resident John Whittaker's Peel Group.
'Scientific research'
The project would see the construction of atmospherically-controlled buildings to develop high potency cannabis products for the pharmaceutical market, Mr Eves said.
The complex would include cultivation units protected by "comprehensive security measures" and research and development facilities, he said. The development would bring specific education and employment opportunities to the island in a "high-tech, scientific research" area, he added.
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UK: Plans outlined for £100m Isle of Man medicinal cannabis complex
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