The pandemic keeps hitting relentlessly the economy of different countries and destroying their plans. Jamaica, known as a cannabis paradise, is currently facing scheduling issues related to cannabis exports. That is because the government is delaying regulations for the commercial export of cannabis. Companies in other countries, which expected these deliveries, are now in a bad position.
The number of countries that have started to relax their policies towards cannabis has increased. However, due to the coronavirus pandemic, now the states outbid each other in paranoid orders and population control. Even Jamaica, a famous Caribbean island known as a cannabis paradise, is not exempt from these repercussions which have damaged the market to a great extent. Even cannabis exports from the island have to be postponed for now.
When asked, the minister in charge of coordinating these shipments announced that it was not known exactly when the exports of hemp and cannabis to foreign countries would start. Even taking into account that, the cannabis laws have been relaxed for a long period on the island and export of hemp was firmly planned for past April.
If you want to know more about cannabis, how the coronavirus is affecting Jamaica’s cannabis industry, and to find out the latest hemp news, download the Hemp.im mobile application.
Nevertheless, experts and observers of the latest actions related to cannabis taken by the island’s government expected a delay of these hemp exports. Beyond the coronavirus pandemic, Jamaica has probably set the usual bureaucratic hurdles too high. That’s why cannabis companies must be aware that it is possible these exports of hemp and cannabis will be delayed by at least one year.
The possibility of long delays worries the states that had firmly planned to use cannabis from the island, to provide patients with high-quality cannabis-based medicines.
In the past months, the government of Jamaica announced some new initiatives in order to expand the island’s cannabis industry and build a reliable economy around it:
Even if these initiatives sound like a far fetched dream, which is usually the case for third world countries, it could become quite a promising plan as the Jamaican cannabis industry keeps developing.
Currently, every process in Jamaica’s cannabis industry has been affected in some way, as both exporting companies aiming to send cannabis to countries such as Canada and national companies looking to commercialize cannabis on the island are encountering difficulties.
Most of these difficulties are because measures ranging from masking to spacing to constant disinfection cannot be implemented everywhere. Consequently, many branches of the Jamaican cannabis industry are now in serious trouble due to the coronavirus pandemic.
Especially those that had already signed contracts with Jamaica, and planned the corresponding volume of cannabis shipments. Now, they have to wait until further notice, until the government decides when will be a good time to restart these exports.
Furthermore, even though companies from different countries signed contracts with Jamaica, and now expect the island to respect them, the government takes everything more casually. That is why it is questionable whether companies will really commit themselves to the country in the long term if delays become more frequent. Perhaps the authorities on the island have not yet fully understood that supply chains must be followed.
Finally, the reaction of the authorities is rather relaxed, one praises the innovations and hopes for golden times in the future, but for that, reliability in planning is needed. Jamaica sees itself as the most powerful cannabis player in the Caribbean, with a legal business for export already in place. However, only the future will show if political hope and economic reality will really come together.
__
(Featured image by MichaelGaida via Pixabay)
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.
Berlin is launching a pilot project in the Friedrichshain-Kreuzberg and Neukölln districts to study the…
The Czech Constitutional Court overturned a previous ruling accusing Robert Veverka, former editor of Legalizace,…
U.N. High Commissioner for Human Rights Volker Türk has declared the war on drugs a…
Pennsylvania lawmakers have proposed a plan to legalize recreational cannabis by 2025. Projections estimate up…
The DEA just held its first procedural hearing on cannabis reclassification, although the focus was…
The Superior Court of Justice in Brazil has legalized the cultivation, processing, and sale of…