Thursday, April 18, 2024

Increase in licence applications for medicinal cannabis industry

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Just over six months after Barbados officially opened up its medicinal cannabis industry, there has been a significant increase in the number of applications across the eight categories of licences and this is despite a more than two-month setback due to the coronavirus (COVID-19) pandemic.

This was disclosed today by chief executive officer of the Barbados Medicinal Cannabis Licensing Authority (BMCLA), Dr Shantal Munro-Knight, who said that the number of applications in draft have grown from 15 in January to 67 at the present.

However, no medicinal cannabis licenses have been issued for any of the categories.

Munro-Knight, who was outlining the plans for the burgeoning local sector during a webinar hosted by the Barbados Chamber of Commerce and Industry (BCCI), pointed out, however, that only one application has been fully submitted, while a further six are awaiting the receipt of additional documentation.

An application is only considered to have been submitted if it is accompanied by all of the requisite documentation, the payments have been made and it is going through the four-month vetting process.

“We have not issued any licenses and that is one of the things that is creating confusion because people are bringing in medicinal cannabis products that come through the Ministry of Health and Wellness. The process would have started in January 2021, and we have 67 applications in draft at the moment.

Across the drafts we would have had applications for all eight categories, which includes areas such as cultivation and processing. In one case we have two applicants that have applied for seven licenses, but we are seeing most of the applicants going towards cultivation and retail distributor,” said Munro-Knight. (CLM)

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