Home Commercial News Developer Peel planning to build £100m cannabis production complex

Developer Peel planning to build £100m cannabis production complex

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Developer Peel planning to build £100m cannabis production complex

Developer Peel NRE has unveiled the plans to build a £100m medicinal cannabis research and production facility on the Isle of Man.

The recent ammendment in legislation to allow cannabis to be grownin legislation to allow cannabis to be grown on the Isle of Man and exported.

The architect for the scheme is Garry Stewart Design Associates.

Stephen Snowdon, Planning and Development Manager at Peel NRE, part of Peel L&P, stated: “The Isle of Man Government is seeking to establish an innovation cluster on the island, dedicated to the production and export of cannabis-derived products serving the medicinal and pharmaceutical markets.”

 

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