The Government of the Isle of Man has begun accepting applications for the production, distribution and export of medicinal cannabis products.
The Isle of Man, population 84,584, is a self-governing British Crown dependency situated in the Irish Sea between England and Ireland.
Early this year, its government introduced a regulatory framework allowing commercial operators to grow, manufacture, distribute and export cannabis products under licence. The Gambling Supervision Commission (‘GSC’) is the regulator for the sector and has completed guidance to the framework, opening the way for applications.
It’s expected the new industry will create 250 new jobs and £3 million in annual benefit in the coming years for the Island, and play a significant role in the Isle of Man’s post-COVID economic recovery.
Taking elements from the framework for supervising gambling, the GSC is confident it has created a solid foundation for medical cannabis.
“What we now have will ensure that all stakeholders will be…