'Huge potential for IoM in medicinal cannabis' say cultivation centre planners

Peel Group open consultation on 'campus style complex'

The medicinal cannabis industry could be a 'huge growth potential area' for the Isle of Man, according to planners behind a proposed cultivation centre.

Peel NRE, part of the Peel Group, opened a consultation on the plans for a 'campus style complex' in Braddan, off the corner of the Cooil Road and New Castletown Road.

The company expects to invest upwards of £100 million in the project, should planning be approved.

In January 2021 licence applications opened up for businesses interested in growing and distributing medicinal cannabis on the Isle of Man.

Peel Group's Financial Director, Chris Eves, and Peel NRE Planning and Development Manager, Steve Snowdon, spoke with Manx Radio's Lewis Foster about the plans:

You can find a link to the consultation here.