Jamaican regulators are hoping to mitigate the impact of delays in the release of its final commercial cannabis import and export licensing regulations—which were due in April but delayed by the COVID-19 pandemic—and have put forth temporary regulations to smooth the way for entrepreneurs and investors.
These include establishing interim cannabis export and import guidelines, and allowing for online medical cannabis sales amid the coronavirus pandemic.
Jamaica’s Ministry of Industry, Agriculture, and Fisheries says that these protocols will be in place while the Ministry waits for the third draft of its import and export regulations for medicinal cannabis to be reviewed by the country’s Ministry of Justice and Parliamentary Counsel.
The Ministry of Industry, Agriculture, and Fisheries hopes the series of interim measures will provide a much-needed boost to its current medical cannabis licensees, while shoring up confidence in the island’s emerging medical cannabis industry. The COVID-19 pandemic has led to lowered production levels, as well as lower sales and profit margins, due to social distancing and the increased cost of doing business.
Read more at cannabiswire.com
