Our experienced team are on hand to assist and advise global businesses on medicinal cannabis around formation, structure, finance and administration
We will work with you prior to incorporation, or as an established medicinal cannabis business continuing throughout the lifetime of your company to ensure you remain effective and professional.
On 19 January 2021, Tynwald approved regulations that allow the Isle of Man Gambling Supervision Commission (GSC) to issue licences for participation in a new medicinal cannabis sector.
As a consequence we are now able to provide advice and guidance for businesses looking to grow regulated hemp outdoors for commercial purposes and export.
For the high tetrahydrocannabinol (THC) market, the commission has now finalised its approach to regulation after consultation with relevant commercial and government stakeholders. The Isle of Man Government issued its guidance and license applications on 11 June 2021.
There are several licensing pathways under the new legislation (click the licence headings below to find out further information) which are dependent upon the type of cannabis product the intended licensee wishes to either produce, distribute or export from the Island. Contact us today to find out more about each licence below, along with further guidance, application forms and useful information on each licence, including associated fees.
- Class 1 | Industrial Hemp Licence without Use – cultivation that results in the destruction of the active parts of the plant (flowers, stems and buds) and can yield a fibre or industrial material crop
- Class 2 | Industrial Hemp Licence with Use – cultivation that utilises the active parts of the plant to produce a CBD crop for medicinal use
- Class 3 | Cannabis Licence (High THC Cultivation) – to grow High THC female cannabis plants for cultivation
- Class 4 | Research Licence – to grow High THC male or female cannabis plants for research purposes
- Class 5 | Transportation and Storage Licence – to transport and store cannabis independent of cultivation
- Class 6 | Extraction Licence – to process or extract cannabinoids from biomass cannabis
- Class 7 | Import Licence – to import cannabis to the Isle of Man
- Class 8 | Export Licence – to export cannabis from the Isle of Man
- Class 9 | Manufacture Licence – to manufacture cannabis derived products
- Class 10 | Analysis Licence – to analyse cannabinoids in test laboratory conditions on behalf of others
For over 20 years, we have assisted both private and corporate clients with the incorporation and the administration of companies. Our experience team offer a broad range of company and administrative services.
Medicinal Cannabis | What we do
We work with you to understand your corporate strategy and objectives and tailor our administration support services to your business needs. This allows you to focus on developing your business, safe in the knowledge that we are dealing with the back office company administration requirements.
You can read more about medicinal cannabis, regulation and the industrial cultivation of hemp here: News & Articles | Cannabis
Talk to us today
If you need to talk to someone around the new regulations, formation of companies, structures and financing around medicinal cannabis and the Isle of Man, then take the first step. You can email [email protected] or call us on 01624 639350 to arrange your free consultation with us today.
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