(Barbados Today) Prime Minister Mia Amor Mottley today touted the proposed medicinal cannabis industry as a boost to the economy, as a new bill to set it up went before lawmakers.
As the House of Assembly debated the Medicinal Cannabis Industry Bill, the Minister of Finance said that if managed correctly, the trade could prove to be extremely lucrative.
She told the House: “If we can in structuring out the medicinal cannabis industry as a new productive sector, manage the agricultural component, manage the manufacturing component, manage the tourism and hospitality component and manage the international business component then we will have in a total way be able to extract maximum value from this particular product which for the majority of our history was in fact legal and not illegal.”
The Prime Minister said the creation of the industry is critical owing to its implications for the way Barbados does business with Canada, a key player in both international financial services and medical cannabis.
“Our international business sector is premised primarily with business coming out of Canada in circumstances where there is significant economic activity in both medicinal cannabis and recreational cannabis but in respect to medicinal cannabis in…
