Barbados will begin issuing licences for the cultivation of marijuana for medicinal purposes next month.
Agriculture Minister Indar Weir, said the Barbados Medicinal Cannabis Licensing Authority, made the disclosure to Barbados Today, where he said the licences may be issued even as early as this month.
However, Weir said those looking to become involved in the industry should be prepared to make “heavy investments in order to get going”.
The newly established Barbados Medicinal Cannabis Licensing Authority should be ready to begin issuing licences next month, Agriculture Minister Indar Weir has said.
“Barbados’ marijuana sector is not small business activity only, it calls for huge investment in research and development…”– Barbados’ Minister of Agriculture, Indar Weir
“By February all of the necessary information should be in the public domain, so that the public will be aware of the process and what they have to do in order to be able to start to apply for licences,” Weir said.
He did not say how much the respective licences, which range from small cultivators in the first tier to large scale cultivators in the third, will cost.
“Barbados’ marijuana sector is not small business activity only, it calls for huge investment in research and development…Frankly, I don’t know what the average man means; the average man cannot invest in Coca-Cola,” Weir said.
“It takes a huge investment in manufacturing and even takes a huge investment in cultivation. We have to be frank about these things and face the reality where this industry is going because if you have done any research on the industry, you would realise that it takes major investment to make it work.”
Barbados joins regional partners Jamaica, Trinidad and Tobago, Antigua and Barbuda and St Vincent and the Grenadines who have introduced legislation for the cultivation of marijuana for medicinal and recreational purposes.