In 2021 the Isle of Man Government introduced a flexible and detailed regulatory framework to allow commercial operators to grow, manufacture, distribute and export cannabis products under license from the Isle of Man. The sector is regulated to allow operators to export to legal markets around the globe and provide the flexibility to allow for the innovation and novel new uses of the cannabis plant, ranging from industrial uses of hemp to medical uses of the plant and its extracts.
The Isle of Man offers a modern and flexible licensing regime that will evolve to meet the future needs and innovations of the cannabis sector. Boasting a stable regulatory and political environment, the Island also has a strong and positive history of regulating new growth industries.
Along with existing manufacturing facilities available for sale and lease, the Island is home to an educated workforce with expertise in agricultural products, technology, regulatory compliance, ecommerce, shipping and exports.
The Isle of Man is not only a safe place to set up your operation, it can provide a licensed and legitimate home for your business as well as a financially rewarding base with 0% standard rate of corporate income tax.