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News analysis

Green energy firm plans cannabis plant on Isle of Man, avoiding UK restrictions

Written by || 14th April 2022 || News analysis | Companies | GeographiesEurope United Kingdom

UK clean energy specialist Peel NRE has announced ambitious plans to set up a production facility for medicinal cannabis on the Isle of Man with the aim of exporting products to alternative markets outside the EU with favourable legislation.

The Isle of Man is a self-governing British crown dependency in the Irish Sea between England and Ireland which changed its law in late 2020 to enable cannabis crops to be grown on its land. It began assessing hemp production applications in early 2021.

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Lorraine Mullaney

Senior writer
Lorraine is responsible for writing news analysis and assisting with copy-editing. Lorraine is a copywriter and editor who has written and edited words for a wide range of audiences, from local community newspapers to consumer magazines and trade websites.

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