KINGSTOWN, St Vincent — The first set of licences to begin producing medicinal cannabis in St Vincent and the Grenadines were issued last week, while the island’s minister of agriculture and industry, Saboto Caesar, embraced the milestone noting “many challenges amidst immense opportunities.”
The approve medicinal cannabis licences are as follows:
- Eight local farmers’ producer cooperatives with an aggregated membership of over 100 traditional cultivators;
- Thirteen traditional cultivators of cannabis who applied individually;
- Three non-traditional local farmers, consisting of one Class A (valuing EC$500) and two Class B (valuing EC$2,500 each); and
- Ten companies with the directorship of nationals from the OECS, CARICOM, North America, Europe and Africa.
Of these companies, there are three Class E licences (valuing EC$2.67 million each), two Class D (valuing EC$1 million each), three Class C (valuing EC$500,000 each), one Class B (valuing EC$250,000 each) and one with Class A (valuing $100,000).
In addition to supplying the local demand, these companies have identified markets in CARICOM, North America and…
