Business Cann reports
GUERNSEY cannabis company The House of Green has submitted three of the seven medical cannabis production applications in the UK Crown Dependencies’ first licensing round.
BusinessCann understands that the remaining four cultivation licences have also been submitted by companies domiciled on The Channel Island.
Earlier this year the Guernsey government signed a Memorandum of Understanding (MOU) with the UK Home Office designed to kick-start the development of the island’s medical cannabis industry.
Companies wishing to produce ‘Cannabis Based Products for Medicinal use’ must file an application with the Bailiwick of Guernsey Cannabis Agency (BGCA).
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It announced last week that seven such applications had been received and BusinessCann understands more will be submitted over the coming weeks and months.
Paul Smith, CEO, of The House of Green (THoG), a Guernsey-based low-THC hemp and CBD business, says it is looking to become the largest medical cannabis player on the Channel Island with two applications submitted for a total of 12 acres of cultivation, and a third for its 20,000 sq ft extraction facility.
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