Licences available soon for 'highly lucrative' crop
The cultivation of medicinal cannabis is to be legalised in Jersey.
The Jersey Evening Post has today reported that licenses will soon be issued on the Channel Island, to grow what it calls a 'highly lucrative' crop there.
The newspaper suggests the move "could generate hundreds of millions of pounds a year for the economy", with several companies already having formally expressed an interest.
Announcing the decision, Economic Development Minister Lyndon Farnham said a 'window of opportunity' now existed for Jersey to benefit from the high prices being paid for the crop, due to the "current limited supply being available from well-regulated jurisdictions."
It is hoped that planting could begin within a few months, with the first crops harvested later this year.
Hemp was also grown on the Island in 2017 for the first time in decades, with growers recording 35 tonnes of hemp seed produced – enough to manufacture around 13,000 litres of hemp oil.
On the Isle of Man, a public consultation on medicinal cannabis and industrial hemp is open, for another week, until Wednesday 20 March.
You can see that consultation here.