Thursday, March 28, 2024

Way Forward

Date:

Share post:

A major step has been taken towards having a medical marijuana industry in Barbados with the piloting of the Medicinal Cannabis Industry Bill 2019 in the House of Assembly yesterday.

Minister of Agriculture Indar Weir piloted the much-touted legislation in a comprehensive presentation during the opening session of the House.

Up front he dismissed fears surrounding the legalising of marijuana by explaining the Bill was not intended to decriminalise cannabis that is used for recreational purposes, but to make way for Barbados to secure a stake in the global medicinal cannabis business that is projected to reach US$100 billion in trade in six years.

indar-weirThe minister said the move to develop a medical marijuana industry represented a paradigm change in the process of wealth accumulation by Barbadians, since the industry provided for nationals to have a major stake in the business. (GC)

Subscribe now to our eNATION edition for the full story.

For the latest stories and breaking news updates download the Nationnews apps for iOS and Android.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Barbadians reminded to file taxes online as filing season starts

The Barbados Revenue Authority (the BRA) is advising that tax filing season for 2023 begins on April 1 this...

Minister Abrahams’ statement on Ismail Patel’s passing

Below is the full statement by Minister of Home Affairs and Information, Wilfred Abrahams: I was saddened to...

Water bills for March to include February charges

A few weeks ago, the Barbados Water Authority (BWA) informed customers in parts of Christ Church and St....

BWA making a connection at the Bridgetown Port

The Barbados Water Authority (BWA) informs businesses near The Shallow Draft at the Bridgetown Port that the BWA...