More than 100 jobs could be created in Guernsey if a medicinal cannabis hub is created in the island.
Two Guernsey companies, 4C Labs and Pura Health, have formed an “exclusive partnership” to “serve patients top quality imported products”.
Cultivation of cannabis has been permitted under licence in Guernsey since July 2021.
4C Labs has a licence to grow on the island but intends to import the majority of their product from Canada.
The hub would allow companies to import bulk medicinal grade cannabis to then turn it into other products that can be sent to UK and Europe.
James Smith, the Chief Revenue Officer for 4C Labs said Guernsey is the ideal place to use as a medicinal cannabis hub.
He said: “We can bring in bulk material, we can transform it into other goods and we can ship those goods into Germany, soon France, soon Poland, soon Ukraine.”
“These are all markets that over the next 12 to 24 months are going to expand and grow.”
Mr Smith said the move could create jobs for 100 people working in cannabis on the island.
“These are not just gardening jobs or packing jobs, this is work that requires scientific degrees and working in a laboratory.”