{"id":112090,"date":"2022-06-23T11:57:06","date_gmt":"2022-06-23T10:57:06","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=112090"},"modified":"2022-06-23T11:57:06","modified_gmt":"2022-06-23T10:57:06","slug":"medicinal-cannabis-facility-isle-of-man","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/medicinal-cannabis-facility-isle-of-man\/112090\/","title":{"rendered":"Peel NRE submits proposals for medicinal cannabis facility on Isle of Man"},"content":{"rendered":"

Peel NRE<\/a> has applied for planning consent to develop a science innovation and research centre, sustainable energy park and medicinal cannabis facility on the Isle of Man<\/h2>\n

Proposals for the 72-acre site<\/a> at Cooil road in Braddan would create around 250 jobs, ranging from botany and technology to security and exports. The medicinal cannabis facility would include more than 178,000\u00b2 ft of cultivation space and 102,000\u00b2 ft for research and development.<\/p>\n

The scheme would also feature a solar farm<\/a> to power the site which would be the Island\u2019s only grid-scale renewable project, contributing to the Isle of Man Government\u2019s ambitions on climate change.<\/p>\n

Establishing a global destination on the Island for cutting edge research into cannabinoids<\/h3>\n

The plans follow a recent change in the legislation of cannabis<\/a> production and exportation on the Isle of Man and represent a potential investment of over \u00a3150m by Peel NRE.<\/p>\n

The medicinal cannabis facility will set a gold standard for the burgeoning cannabis industry across the world and unlock partnerships in the public and private sectors.<\/p>\n

\u201cA game-changing opportunity for the Isle of Man\u201d<\/h3>\n

Myles Kitcher, managing director of Peel NRE, said: \u201cThis is a game-changing opportunity for the Isle of Man to get ahead in a new and exciting industry that will bring many benefits to the Island and its people and we also hope that it will encourage more renewable projects in the area.<\/p>\n

\u201cAs expected, our proposals have attracted a lot of attention and, we are pleased to say, significant support from the community during the extensive public consultation. This includes positivity around the emerging industry on the Island, the proposed campus-style development and new educational and career opportunities.<\/p>\n

\u201cWe will be holding an industry event later in the year for businesses interested in finding out more about available opportunities.\u201d<\/p>\n

Dr Alex Allinson MHK, minister for treasury said: \u201cThe development of the Island\u2019s medicinal cannabis sector is a key part of the Government\u2019s ambitions to diversify the economy as well as creating a vibrant new sector to attract more investment and skills to the Isle of Man. We are looking to create a world-class infrastructure and continue to welcome interest in developing this sector further.\u201d<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Peel NRE has applied for planning consent to develop a science innovation and research centre, sustainable energy park and medicinal cannabis facility on the Isle of Man.<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[676,997,649,273],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-112090","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-planning-construction-news","7":"tag-construction","8":"tag-development","9":"tag-planning-applications","10":"tag-research-innovation"},"acf":[],"yoast_head":"\nPeel NRE submits proposals for medicinal cannabis facility on Isle of Man<\/title>\n<meta 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