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Wed, 29 Jun 2022
The Department for Enterprise this week confirmed that GrowLab Organics (GLO) has been offered the first conditional medicinal cannabis licence for export in the Isle of Man.
The Isle of Man Gambling Supervision Commission (GSC) has issued the first letter of approval in principle to GLO to cultivate, extract, manufacture, import and export medicinal cannabis from the Isle of Man.
Tim Crookall MHK, Minister for Enterprise, commented: ‘The Isle of Man has a rich history of innovation in developing new sectors, and our Department plan clearly sets out ambitious targets through the Business Agency to fully realise the potential of this market in the Island.
‘This first offer letter represents the dawn of a new economic sector in the Isle of Man, which will drive high-value economic diversification across existing local sectors, stimulate job and training opportunities for Manx workers and encourage inward investment.
‘I am optimistic that this will play a key part in the Isle of Man’s economic future, and look forward to working with the Business Agency to continue to support and develop the highest calibre of companies establishing in the Island within the Medicinal Cannabis sector.’
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