Potential mulit-billion dollar deal to export Jamaican marijuana

There have been countless debates in Jamaica about legalizing marijuana.

Many argue that its negative impacts on society greatly outweigh the benefits to be derived from such a move while others cite numerous was in which ‘ganja’ can be monetized to provide a much need boost to the economy.

The legalization of marijuana has been a hot topic in many places around the world in recent times. Two states in the United States namely; Colorado and Washington, have already made the sale and possession of marijuana legal for medical and non-medical use. Many other countries are also currently considering making it legal. 

The most recent proposition from the North American country on paper seems as though it could indeed inject some much needed revenue in Jamaica’s economy.

According to a report from the Gleaner:

Canada is willing to purchase marijuana from Jamaica, a lucrative deal that could potentially earn billions of dollars for the country on an annual basis.

Blaine Dowdle, chief executive officer of Canada-based MedCannAccess, is urging Jamaica to act quickly and seize the vast economic opportunity that could come from legalising marijuana and establishing an export market for the product.

According to Dowdle, his country is looking to engage in the potential CDN$1.2-billion medical marijuana market. However, it is very expensive to grow marijuana in Canada, and hence investors there would be more than willing to import it from Jamaica.

Noting that medical marijuana currently retails for approximately CDN$7-$10 per gram in Canada, he said the product was in demand, which makes it a very profitable market.

Dowdle, who was in Jamaica to participate in Sunday’s Cannabis Stakeholders Forum that was staged at the PCJ Auditorium in St Andrew, said MedCannAccess is a leader in the medical cannabis field, working to improve access for patients across Canada.

“I’m here from Canada representing 50,000 sick patients right now who don’t have access to safe, reliable, inexpensive medicine. Lots of the people using medical marijuana in Canada are disabled, they are literally sick and don’t have a lot of money, and they do need lower-cost cannabis in Canada,” he told The Gleaner.

What are your thoughts on the legalization of marijuana in Jamaica? Please let us know in the comments.

If you like this article please consider joining our Forum HERE to help us grow.

Remember to share this article on Facebook and other Social Media Platforms. Subscribe to our mailing list to get new articles sent to you automatically.