Jamaica wants to help cannabis farmers go legal

Besides Amsterdam, Jamaica has undoubtedly been for many years a place of longing for cannabis enthusiasts. Many people were interested in cannabis medicines found on the Caribbean island.

The policy on cannabis is changing and the many cannabis farmers in Jamaica, who have been illegally growing cannabis so far, are now going to be allowed to feed their products legally into the market, according to the government’s will.

The politicians want to give the industry and agriculture in general, a chance for a possible boom, which can be economically consolidated with legal cannabis. How is that possible after decades of illegality? In the USA, there are still growers who are in illegality for the time being, because the cultivation licenses are very expensive and the taxes are too high – can Jamaica dry out the black market more efficiently by growing cannabis outdoors?

The Hemp.im application provides you with the latest marijuana news and covers wide-ranging topics including hemp and cannabis.

What is behind the Alternative Development Program for Cannabis?

The Alternative Development Program for Cannabis is the name of the political initiative against the cannabis black market. Concretely, through this initiative, the Government wants to help cannabis farmers get financial aid, as well as technical support for legal breeding. Already in 2020, the aim is to eliminate the majority of the illegally producing farmers and to develop qualitatively as a leader worldwide in cannabis seeds.

Farmers who have been secretly growing cannabis and selling it to dealers should now do so within the framework of the law, and supply the market for medical cannabis, at least according to the Jamaican Minister for Agriculture, Industry, and Fisheries.

Jamaica is certainly speculating on a part of the income generated by cannabis worldwide in the tens of billions of dollars, thanks to the increasing number of countries that have legalized cannabis. The Caribbean island sees itself as an old, high-quality vineyard that is now entering the market and expects a kind of loyalty bonus from many customers. The huge cannabis market in North America is, of course, in the focus of Jamaican breeders and politicians.

The growth prospects for cannabis in Jamaica are excellent

In addition to financial aid, which farmers in the EU also receive for their products, Jamaica is often concerned with basic equipment for more professionalism. Thanks to the fact that the sun shines most of the time in the Caribbean, the growth prospects for cannabis are excellent.

In addition, the banks in Jamaica are open for transactions, so they could offer a bridge to the USA. There, financial institutions can’t offer loans or other types of financial support to the hemp business because, at the federal level, cannabis is still illegal.

Already last year, the first legal cannabis exports were made to Canada. Intensive cannabis tourism is also planned, which has been around for ages thanks to Bob Marley. However, the whole cannabis business is to be professionalized just like a brightly cleaned dispensary in downtown Chicago.

Jamaica is paying off good chances especially in improving the opportunities for the rural population. It remains to see how the country will perform in aspects like research and development. That is because, as an economic model, cannabis only works with the necessary seriousness and reliable work, which, at least so far, was not always really guaranteed in many countries in the Caribbean.

__

(Featured image by Jose Espinal via Pexels)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Hemp.im, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in THC.GUIDE, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Hemp.im assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Hemp.im is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.