British consumer goods company Tenacious Labs is moving its headquarters to Jersey to benefit from the Channel Island’s decision to relax rules on proceeds earned from cannabis-related products.
Chief executive Nick Morland said the move to Jersey from London was necessary to allow the group, which uses ingredients from the cannabis plant for its wellness products, to expand further.
The company, which launched in London two years ago, wants to move into the market for non-medical products that contain the psychoactive cannabinoid THC in countries and states where that is legal.
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