The Upcoming Gibraltarian Cannabis Industry - Hempire Gibraltar
by Liz Seyi Digital marketing managerAs
more and more European countries continue to make progress on cannabis
legalisation, Gibraltar could be poised to become the leading service provider
in the region.
As
has been the case with new innovative technology and ideas, similar to that
which was done with the gaming and DLT industry, Gibraltar offers many
advantages, including;
·
Regulatory certainty
·
Competitive tax jurisdiction
·
Workforce skillset in legal, regulatory and other prime business areas
·
Easy access to Europe and Africa
This
could be the year in which the Government instates the Cannabis Commission, and
with that, a host of guidelines, codes of practice, and regulations,
surrounding the entire operational process of setting up any type of activity
related to cannabis in Gibraltar.
From
the perspective of prospective licensees, the question then becomes; what type
of activity do I want to undertake in Gibraltar. In practical terms,
traditional outdoor large-scale horticulture isn’t a possibility in Gibraltar,
due to land constraints. But what about indoor cultivation, utilising, for
example, vertical farming and hydroponic techniques, in order to amplify the
yield from a given footprint? Definitely a possibility. However, we anticipate
that most licensees will be looking at Gibraltar as an extraction, processing
and manufacturing hub, to create distillates, oils and other end products. The
issue then becomes, do I import, extract, and sell GACP-certified flower, and
the products made from it to a GMP facility for processing? Indeed, this is
currently the case, but questions have arisen over the last few years about
this practice, and with good reason. As the medicinal market in Europe evolves,
regulators are beginning to realise that in order to ensure stringent safety,
repeatability and efficacy of medicinal cannabis, the process of cultivation
itself needs a controlled GMP environment, and that can logically only be done
indoors, where every parameter can be controlled and logged. Therefore, even
though it isn’t currently the case, it wouldn’t be a surprise to see medicinal
cannabis and its products, being required to be cultivated (not only processed)
by GMP standards.
At
Hempire Gibraltar,
we recognise the need for highly skilled individuals who are able to operate in
the cannabis space, starting from the process of cultivation, all the way to
the final stages of extraction and product formulation, particularly for
commercial production. Too often are excessive funds injected into projects,
with inexperienced individuals managing such processes, leading to
inefficiencies, and in many instances, failed crops and production lines. Hempire
has been set up to offer a full-service and product suite offering. Our team of
highly qualified professionals, with diverse academic backgrounds and
expertise, will be able to provide a high-end, scrupulous operational,
compliance and management offering, which will fulfil the goals of any company
looking to operate in this space.
It
is our priority to develop friendly, long lasting business relationships. If
you’re interested in any of our services, do not hesitate to contact us!
Grow
with us!
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Created on Jan 28th 2022 01:04. Viewed 135 times.