A JERSEY cannabis testing laboratory established during the flurry of interest around medicinal cannabis has gone bust due to a “lack of investor confidence” and “low demand for cannabis testing.”
Jersey Pharm Labs, which operated as a licensed cannabis testing and genetic analysis laboratory in the Channel Islands, has ceased trading – with creditors set to meet later this month and the company’s assets due to be seized.
In a statement, a spokesperson for Jersey Pharm Labs said: “The business closed due to a lack of investor confidence and low demand for cannabis testing in Jersey, making it unsustainable for a full-time lab.”
A meeting of creditors is scheduled for 19 May at 12.15pm at 4 Wharf Street, while a notice published in the Jersey Gazette also said that all moveable assets of the company are to be seized, with the date to be confirmed.
