KINGSTON, July 9, 2019 - Director of the Cannabis Licensing Authority (CLA), Delano Seiveright, says emerging reforms in the United States and Europe relating to cannabis are exactly what Jamaica needs to benefit from the lucrative medical marijuana industry.
CALIFORNIA, June 25, 2019 - With the the regulated cannabis industry in the U.S. projected to generate $23.4 billion in annual sales by 2022,data from the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), says Banks and credit unions have been accepting significantly more marijuana businesses in 2019, according to new federal data.
Jamaica is in full support of lobbying the U.S. government to allow money generated by the marijuana industry to be processed and handled by federally regulated banks, Jamaican Minister of Industry, Commerce, Agriculture, and Fisheries, Hon. Audley Shaw said.
MONTEGO BAY, JAMAICA, JUNE 7, 2019 - Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, says the Jamaican Government is in full support of any lobbying effort to get United States (US) banks to facilitate stakeholders in the medical cannabis industry.
ST.KITTS AND NEVIS, May 18, 2019 - Prime Minister Dr. Timothy Harris says contrary to information from Coca Cola heir and Greek billionaire Alkiviades “Alki” David, his government “has not granted any license to anyone to import plants or seeds into the Federation and that [the] administration has not had any conversation with any foreigner about setting up businesses to trade in cannabis.”
BASSETERRE, St Kitts, Wednesday May 15, 2019 – Heir to the Coca Cola fortune, Greek billionaire Alkiviades ‘Alki’ David, flew out of the twin-island federation St Kitts and Nevis yesterday after paying the EC$300,000 (US$111,010) bail imposed on him when he appeared in court on charges of possession, intent to supply, and importation of 5000 cannabis plants valued at $1.3 million.
Squeezing out black markets is a key goal of cannabis legalization. Legalization also lets governments tax cannabis production and consumption. Canada has achieved limited progress so far toward those potentially conflicting goals. But some provinces have made good starts.