Cannabis oil ‘significant opportunity’ for Island

Cannabidiol is on the rise in popularity as a natural pain reliever, and is reputed to have nutritional and environmental benefits. Unlike THC, the psychoactive element found in cannabis, CBD has no psychotropic effects.

Jersey Hemp, based at Warwick Farm, has been granted a licence to produce CBD oil from their locally grown hemp.

The company currently sell CBD products, but the oil used was previously imported.

Jersey Hemp is estimated to produce 30 to 40 tonnes of dry hemp annually, the flowers of which, Jersey Hemp estimate, would produce one to two tonnes of CBD oil. The CBD market is currently one of the fastest growing in the UK, as annual sales average £300 million and are expected to rise to just under £1 billion by 2025.

Chief executive David Ryan said that Jersey-grown CBD oil would be more attractive to UK retailers, as there would be ‘clear British Isles provenance’ over the

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