Barbados: Locals to Have a Stake in Cannabis Sector Wednesday, 17 February 2021
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.
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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
Locals to have a stake in Cannabis sector
Article by
by Marlon Madden
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.
‘Don’t shut Bajans out of cannabis biz’
Article by
Government is being urged to ensure Barbadians are included in its medicinal cannabis industry.
Democratic Labour Party’s (DLP) spokesperson on health Courie Cox has appealed to Government to give nationals a discounted licence fee as well as financial support to allow them to take part fully in the fast-growing industry.
Chief executive officer of the Barbados Medicinal Cannabis Licensing Authority (BMCLA) Dr Shantal Munro-Knight has revealed that 15 applications had been received thus far.
But, Cox said it was telling that only one Barbadian was among those initial applications.
He declared that Government could not allow foreigners to be the main beneficiaries of the industry.
After two years of planning, the medicinal cannabis industry has officially achieved lift-off.
The Barbados Medicinal Cannabis Licensing Authority (BMCLA) is reporting that it has received its first 15 applications just this week.
The disclosure was made yesterday by chief executive officer of the BMCLA, Dr Shantal Munro-Knight, during a virtual press conference via Zoom. She noted that the number would likely have been much higher, had it not been for setbacks resulting from the second wave of COVID-19. She also revealed while there had been overseas interest, the very first application for cultivation was from a Barbadian.
The first of the applications has come just a year after the organisation was established under Barbados Medicinal Cannabis Industry Act, 2019.