Jamaica’s Cannabis Licensing Authority has received more than 200 medical cannabis licensing applications, as reported by Jamaica Information Service on June 29, 2016.
The Hon. Daryl Vaz, from the Ministry of Economic Growth and Job Creation, revealed the number of applications on June 28 during the 2016/17 Sectoral Debate in the House of Representatives.
“There is room for innovators and investors to establish medical dispensaries, legal recreational retailers, edible and infused products, hemp products and various spin-offs such as financial services for cannabis businesses, transport and security, and consulting services for setting up businesses,” Vaz said during the debate, according to a radio broadcast by JIS News.
“With the establishment of the Cannabis Licensing Authority, we may now have one of the best opportunities to enter huge new markets for start-ups,” Vaz added.
According to “2016 Global Legal Cannabis Markets: A Worldwide View,” a report by New Frontier, a big data provider for the cannabis industry, 9.9% of Jamaica’s population uses cannabis regularly, making it one of the largest populations of regular cannabis consumers in the world.
For those interested in the specifics of Jamaica’s fledgling industry, presentations on licensing regimes and international rules can be accessed on the Cannabis Licensing Authority’s website.