BASSETERRE, St Kitts — Alki David and Chase Ergen announced recently they had formed a consortium aimed at developing cannabis businesses in Eastern Caribbean nations such as St Kitts-Nevis, Dominica and Antigua. Plans include purchasing agricultural land and partnering with farmers to create a cooperative entity modelled after the ones in Switzerland.

David and Ergen will create 1000s of jobs and also tap into the rich cultural history and cannabis know-how of the strengthening Rastafarian movement in the region. The consortium has already had its first meetings with business and government leaders across the region and will be expanding its outreach during the month of May.

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Both billionaires are known for their success in media. David for his pioneering FilmOn Networks and Hologram USA and Ergen for his family’s Dish Network and many other media and marketing start-ups. David has also developed a significant CBD business based in Gstaad, Switzerland, Swissx Labs, which takes pride in offering the purest CBD products available.

The announcement comes while the government of St Kitts-Nevis is moving to legalise the medical use of cannabis products and decriminalise marijuana use. It’s the latest Caribbean nation, following Jamaica, Antigua, Bermuda and the Caymans, to make progressive changes to exploit the massive potential of the sector and the region’s unique varietals and ideal growing conditions.

There is also a vast store of knowledge in the region about the cultivation and use of cannabis for medical and religious purposes, as cannabis shifts from being an…

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