A medicinal cannabis company in Guernsey said it has struggled to secure the £2m investment needed to start work on its new growing and testing facility. 4C Labs already imports and distributes medical-grade cannabis to the island and has held a cannabis cultivation license since 2021.
James Smith, chief revenue officer, said besides the funding everything was in place to transform a former greenhouse and warehouse site in St Pierre du Bois with laboratory-grade facilities, and "some form of public investment" would help.
The Policy and Resources Committee (P&R) has been asked to comment.
Mr Smith said: "We'd like to see some increased tax incentives to set up shop in Guernsey."
He said he like to see taxation on cannabis businesses fall from 20% to 10% in line with most other businesses.
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