Licence applications for cannabis exports opened by Isle of Man Government

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Sumary of Licence applications for cannabis exports opened by Isle of Man Government:

  • © iStock-NatanaelGinting The Isle of Man Government has now opened licence applications for the production, distribution, and export of medical cannabis from the Island, expecting the sector to be a key contributor to the Island post-COVID economic recovery..
  • The Isle of Man has confirmed the opening of medical cannabis licensing applications after completing guidance to support the Gambling Supervision Commission (GSC) regulatory framework..
  • The Island aims to be a world-leading exporter of medical cannabis, providing significant economic investment and development for the Island, creating 250 new jobs and £3m in annual benefit..
  • “The Isle of Man Government has every confidence that the GSC will provide a world-class regulatory structure required to regulate this new and complex industry..
  • I am delighted to welcome licence applications and look forward to attracting quality businesses to the Island, transforming the cannabis export sector into a key contributor to the Isle of Man post-COVID economic recovery.”.
  • “As regulators, we aspire to put our regulatory umbrella above as many consumers as possible so that they can benefit from regulations that are well thought out and properly supervised..
  • Years of prohibition mean that the markets in which our licensees will be participating are still in their infancy and still contain many uncertainties…

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