More than 200 applications submitted for ganja licences
The Cannabis Licensing Authority has so far received more than 200 applications from persons who want to get involved in Jamaica’s ganja industry.
This was revealed by Minister without portfolio in the Economic Growth and Job Creation Ministry, Daryl Vaz, in his contribution to the Sectoral Debate in Parliament yesterday.
Last month, the authority began accepting applications for 11 types of licenses in the categories of cultivator, transportation, processing, retailing, and research and development.
Licenses fees range between US$2,000 and US$10,000.
A non-refundable application processing fee of US$300 is charged for individuals and US$500 for a company business or cooperative.
Vaz stated that the ganja industry has the potential of generating significant revenue for the country.
The Government has indicated that it is targeting annual revenue of US$2 billion from the ganja industry.
Last year, Jamaica amended the Dangerous Drug Act decriminalising the possession of up two ounce of ganja making it a ticketable, but non-arrestable offence.
The law also allows for the use of ganja for medicinal, scientific, and therapeutic purposes.