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JM: Jamaica’s medical cannabis industry held back by restless bankers

Jamaica’s Ministry of Industry, Investment and Commerce is striving to resolve banking issues impacting the country’s fledgling medical cannabis industry.

It seems many banks in the country are balking at funding medical cannabis operations out of concerns for their relationships with banks in the USA; where canna-businesses also still struggle with securing financial services.

A meeting was recently held with Jamaican banks to discuss the matter.

“We had a meeting with a major stakeholder in the industry and we have been having meetings with persons who are making the various different proposals on how we deal with this correspondent banking issue,” said  State Minister, Dr. the Hon. Norman Dunn. “It is a real issue; it is a real concern”.

Read more at hempgazette.com


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