Cannabis funding needed
The Fair Trading Commission (FTC) is recommending that the Government create a funding facility for entrepreneurs and small farmers in the cannabis industry
Wednesday, August 17, 2022
The recommendation follows the completion of a market study of the cannabis industry in Jamaica, which revealed that funding is one of the major impediments in the industry. The FTC report, which was released in August, stated "policymakers should consider establishing [a] source of funding to encourage easier entry/expansion of the legitimate trade of cannabis". The agency said this is crucial as potential entrants may encounter difficulties accessing loans through local financial institutions given global efforts to limit the illegal trade of cannabis. The recommendation was also made in light of the fact that access of legally produced cannabis to international markets is likely to be frustrated by numerous treaties established to curtail the illegal trade of cannabis.
