Guernsey Structures - The Cannabis Investment Conundrum

Jurisdictions around the world have adopted different positions in relation to the legality of the cultivation and production of cannabis or cannabis-related products, which ultimately affects whether investment structures can own those asset classes. There is a real "patchwork quilt" situation at present, though increasing numbers of jurisdictions are moving towards acceptance of medicinal cannabis products, even where legalising recreational cannabis production/use is considered a step too far.

The current legislation in the Bailiwick of Guernsey allows doctors to prescribe cannabis-based products which are manufactured to a pharmaceutical standard and used only for medical purposes. However, recently the Law Officers of the Crown have issued guidance which may indicate some development in the investment opportunities in the Bailiwick of Guernsey in respect of cannabis-related assets.