The Cannabis Licensing Authority (CLA) has said that since the start of this year there has been a significant increase in the number of requests for cannabis export licences as the product enjoys strong demand in the global marketplace.
The entity said that since the start of this year some 19 export permits have been issued to licensees to conduct trade with various regions across the globe in the continents of Africa, North America, Europe, and Oceania. It also noted that there was a growing demand for the product in the Caribbean region. In recent months, it has also issued export permits to territories as far as Australia and Germany, where the product is being used to conduct research and for medical purposes.
“What this tells us is that we have been producing cannabis to the standards required of these other jurisdictions and therefore there is potential for commercial quantities to be exported in the future, once markets are opened,” said Faith Graham, acting chief executive officer (CEO) of the CLA in a recent news release.
To date, the CLA said it has authorised the export of approximately 1,000 kg of cannabis flower, 3 kg of seeds, and over 40 litres of cannabis oil, which, according to trade figures within the closed loop system among licensees, saw trading within the industry totalling some US$894,749 in the last financial year and US$627,089 this year.
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