The Barbados Medicinal Cannabis Licensing Authority (BMCLA) says two local licensees with a combined nine licenses have been approved to enter the cannabis businesses.
“We are excited and very happy to have the Board approve these licenses, with Cabinet’s approval. Barbados is moving towards an ambitious new industry and our strategic plan clearly sets out bold targets to fully realize the potential of this market,” said BMCLA acting chief executive, Shanika Roberts-Odle.
“This first set of licenses represents a new economic sector under the medicinal cannabis industry, which will drive economic diversification across existing local sectors, stimulate job and training opportunities and encourage local, regional, and international investment and entrepreneurship,” she added.
Roberts-Odle said in her previous role as the program administrator with responsibility for licensing and applications, the team had worked diligently with applicants since the application portal opened on January 18, 2021. She added that the approval of the nine licenses was a great step for the island’s entrance into the medicinal cannabis sector and all the businesses must first pay 60 percent of their total license fees before their five-year license is issued.
Read the complete article at www.caribbeannationalweekly.com.