First Nine Approved Licences For Medicinal Cannabis Industry

• Published date: 20 July 2022
• Subject Matter: Cannabis & Hemp
• Law Firm: Invest Barbados
• Author: Invest Barbados

The Barbados Medicinal Cannabis Licensing Authority (BMCLA) has announced that two (2) licensees with a combined nine (9) licences have been approved to enter the cannabis businesses. Both licensees are Barbadian owners.

Chief Executive Officer (Ag.), Senator Shanika Roberts-Odle stated: 'We are excited and very happy to have the Board approve these licences, with Cabinet's approval. Barbados is moving towards an ambitious new industry and our strategic plan clearly sets out bold targets to fully realise the potential of this market. This first set of licences 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...