A producer of medicinal cannabis-based at the former Tamba Park site in St Lawrence is seeking to expand into European markets after clearing an important regulatory hurdle.
Northern Leaf has become the first Island grower to achieve accreditation from the Medicines and Healthcare Products Regulatory Agency in the UK and is now continuing its aim to list on the London stock market this year.
The company's chief executive, Don Perrott, said the Good Manufacturing Practices certification was a prerequisite for growers wishing to supply EU importers and manufacturers of cannabis-based medicines and gave Northern Leaf access to a market expected to be worth almost £2bn by 2027.
He said: "This is an important milestone for Northern Leaf and for Jersey's medical-cannabis industry. It's taken more than two years and has involved a great deal of hard work, so we were delighted when news came through that we had achieved it."
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