4 hours ago
LAWS which currently treat money generated by the cannabis industry as being the proceeds of crime could be updated, if States Members agree.
External Relations Minister Ian Gorst. Picture: DAVID FERGUSON. (30867482)
External Relations Minister Ian Gorst’s proposals would, if approved, update regulations so that a list of approved countries, subject to checks by international bodies, is put together where profits from the industry would no longer be categorised as criminal proceeds, providing they are viewed as lawful in the jurisdiction of origin.
The move comes as countries where Jersey’s finance sector has strong business interests, such as the USA and Canada, have increasingly decriminalised the production and sale of cannabis, in particular for medical use and in some areas for recreational consumption.