GANJA DEAL CLOSE
Jamaica’s age-old quest to begin legally exporting large amounts of marijuana for medicinal purposes seemed to be closer than ever to reality with reports this week of a major partnership between a U.S. company which wants to use weed from the island as a base for its medical products.
Officials said that the Colorado-based firm of Timeless Herbal Care, one of the largest and well known players in the industry, is planning to team up with Jamaica’s world class marijuana growers to obtain supplies from the island. The project is being billed as one with a potential to rake in about $100 million over 10 years and will be one of the first efforts by an American company to source such large amounts of weed for commercial purposes from foreign soil.
The announcement which was carried in the Jamaica Observer Newspaper this week comes as regional leaders who had two...
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