Bob Marley’s heirs boost Jamaica’s ganja industry

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 92%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A thriving Jamaican cannabis industry might become more than just a pipe-dream

For years Jamaicans have been getting up and standing up for their right to smoke ganja. But it was only six years ago that the island decriminalised the possession of small amounts of cannabis for recreational use and made growing five plants at home perfectly legal. Since 2015 it has also allowed medical, therapeutic, sacramental and scientific use. The law stipulates that any cannabis-related business must be half-owned by Jamaicans.

Large-scale cultivation for recreational use remains illegal, partly because the government is wary of stirring it up with the heart of America. “We didn’t want to be a pariah, so we had to tread carefully,” says Norman Dunn, a minister who chairs the Cannabis Industry Development Taskforce. The law is widely disregarded, however. Jamaica is the largest source of illegal marijuana in the Caribbean; some of that will go to the United States, too.

So the country finds itself in the odd situation of waging war on drugs while simultaneously trying to capitalise on tokes. In the first nine months of 2020 it seemed as if everywhere was war: Jamaican police burned 253 hectares of cannabis plants and seized 26 tonnes of cured marijuana. By contrast Nevada, where recreational use is legal, collected $188m in taxes from cannabis last year.

Red tape is another come-down. Until recently not a single commercial export licence had been granted to ship medical marijuana to European countries where it is legal. Some companies went to Colombia rather than jumping through endless hoops in Jamaica, claims Rory Liu, who got the country’s first processing licence.

The biggest blunder has been the failure to establish a way for local farmers to move away from the illegal industry. Licence fees can be up to $10,000. Then there is the extra cost of security guards and video cameras, says Triston Thompson, a cannabis consultant. Wealthy Jamaicans and foreigners can afford the start-up costs. But Jamaica’s edge comes from a reputation for the quality of plants lovingly reared by Rasta and Maroon growers.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I gave listening ears to her mentorship. It haven’t been easy with my investment of $3,000 I received $27,500 in return. I don’t want huge return I only wanted a trusted trader educator. I want to use this time to give due appreciation to Vasquez1Sharon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google Cloud BrandVoice: How The Cloud Telecommunications Revolution Changes BusinessHow the cloud telecommunications revolution changes business Sponsored by googlecloud googlecloud Couple of months ago I came across a recommendation about kimberlyalr88 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation
Source: Forbes - 🏆 394. / 53 Read more »