A 70/30 split on investment in medical cannabis industry
Any Barbadian who wants to participate and have resources can do so on a 100 per cent basis
Saturday, February 22, 2020
Minister of Agriculture and Food Security Indar Weir is making it clear that 30 per cent of any investment coming to Barbados for the medicinal cannabis industry must be reserved for ordinary Barbadians. Weir added that foreign investors will receive 70 per cent. Weir did not give details as to exactly how Barbadians will receive the 30 per cent. However, he said he was cognizant of the fact that if Barbadians were to receive the full 100 per cent investment, “we probably still would have to take Government’s intervention to get it off the ground, and Government certainly does not have those resources”. The Minister mentioned that Government was having a conversation regarding providing financial assistance for those who do not have resources.
