Seven applications for cannabis cultivation licences have been received following the signing of a memorandum of understanding with the UK Home Office in July, which enables businesses to apply to cultivate cannabis-based products for medicinal use (CBPM).
Any business wishing to cultivate cannabis in the bailiwick must apply for a licence to the Bailiwick of Guernsey Cannabis Agency (BGCA).
Established by the Committee for Health & Social Care, the BGCA is responsible for reviewing, regulating, inspecting and licensing cannabis businesses in the bailiwick.
Applications are reviewed, assessed and inspected in partnership with the UK Home Office – for details of the application requirements and process click here.
Deputy Neil Inder, President of the Committee for Economic Development, commented: "It is encouraging to see such a positive response from businesses in just a few months since the MoU was signed.
"These are the early steps of a promising new sector for the bailiwick, which is already attracting interest and investment locally and from overseas."
Paul Smith (pictured), Chair of the Channel Islands Cannabis Industry Association, added: "We are delighted to see the level of interest the industry is attracting in Guernsey and grateful to the States of Guernsey for its focus on building the framework to support this sector going forward."