Barbados locals to have a stake in cannabis industry

Officials are said to be considering ways of raising funds through the Barbados Stock Exchange (BSE) to help fund development and innovation in the burgeoning medicinal cannabis industry.

Word of this has come from Shantal Munro-Knight, Chief Executive Officer of the Barbados Medicinal Cannabis Licensing Authority (BMCLA), who said every effort was being made to ensure that locals have a major stake in the industry.

Munro-Knight opted not to say what mechanisms were being considered for raising funds through the BSE, but added that critical to the growth of the medical cannabis industry was the creation of strategic linkages and innovation.

"One of the proposals that has come before us is for raising financing through a stock exchange mechanism. I won't speak to that definitively because that is under consideration, but just to signal that our intent is as much as possible to facilitate innovation in the industry and create as much critical linkages and make sure there are benefits right across the spectrum for Barbadians," Munro-Knight told journalists in an online media conference recently.

Read more at mondaq.com


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