A new cannabis trade organisation will help shape the next phase of the regulated cannabis sector on the British Isles.
In a landmark development for the cannabis industry the Cannabis Services Advisory Board, has been established in Jersey to act as an official conduit between industry and government.
The board has already been involved in providing counsel on an update to the Proceeds of Crime (Jersey) Law 1999 which will allow directors to be involved in legal cannabis sectors overseas for the first time.
The organisation will bring together businesses, legislators and other stakeholders in monthly meetings and will provide input to the Government on commercial industry development issues, with a view to further regulation within the Isles.
The board has been established with support from the Government to represent all interested parties in the sector, including growers and financial services, and will promote Jersey across the globe as a centre of finance for the cannabis industry with the appropriate legislation and regulations.
Jersey Deputy Chief Minister and Minister for Economic Development, Tourism, Sport and Culture Senator Lyndon Farnham welcomed the establishment of the Cannabis Services Advisory Board.
He said: “We support the Cannabis Services Advisory Board’s work ensuring quality and safety for Jersey cannabis services and products. We are building a world-leading industry on the island and this kind of voluntary self-regulatory underpinning by those actively engaged with this emergent sector will ensure our products are first class.”
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