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Benzinga
Benzinga
Business
Nina Zdinjak

Billionaire John Whittaker To Enter Cannabis Industry Via Plans For $136M Facility On The Isle Of Man

Isle of Man Peel Group

Infrastructure transport and real estate investment group, the Peel Group, governed by billionaire John Whittaker as the company’s chairman and largest shareholder, plans to build a £100 million ($136 million) cannabis cultivation facility on the Isle of Man, where its headquarters are located, reported CNBC.  

Interestingly, the self-governing nation has not legalized medical marijuana, which means that cannabis grown and produced at Peel Group’s facility will be distributed around the world, and not allowed to be used on the Isle of Man.

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