St Vincent Looking to Cash in on Marijuana after Decriminalizing it for Medical and Research Purposes

KINGSTOWN, St Vincent, Thursday December 13, 2018 – St Vincent and the Grenadines has become the first Eastern Caribbean nation to decriminalize marijuana for medical purposes and scientific research, and it’s expecting significant economic benefits as a result.

But it stressed that the medical marijuana industry will operate under a tightly controlled framework.

Agriculture Minister Saboto Ceaser said the passing of the Medicinal Marijuana Bill in Parliament signified that the island was now positioned to become a globally leading medicinal cannabis hub, not only in terms of high quality production but research.

“The planning of this innovative industry has been carefully conducted over a long period of time in close consultation with the agricultural sector and many different stakeholders to reach the level of maturity we see today. There is broad recognition and buy-in of the economic benefits this tightly controlled and regulated industry is expected to bring in terms of direct employment, the creation of support industries and foreign investment,” he said.

“St Vincent and the Grenadines is unique in that our growing conditions are suited to producing the highest quality grade medicinal cannabis available on the global market and this is recognized with the increase in investor sentiment and inquiries we are receiving both regionally and abroad.”

Prime Minister Dr Ralph Gonsalves says amendments to the Drugs Misuse Act will allow the use of small quantities of marijuana – two ounces (56 grammes) – for personal use without fear of prosecution.

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