The issuing of an 'Information Notice on Cannabis Cultivation and Production in Other Jurisdictions' by the States of Guernsey's Policy & Resources Committee was an 'unprecedented but welcome move', delegates heard at a seminar held by offshore law firm Carey Olesn on cannabis investment in Guernsey.

The Information Notice, published in June, sought to clarify whether Guernsey's anti-money laundering legislation would apply to the proceeds of cultivation and production of cannabis for recreational purposes in those countries where it was now deemed lawful.

Speakers at the event, Carey Olsen partner Mark Dunster, cou...