Jamaica: Ganja industry not a magic wand
The limited decriminalisation of ganja has spawned a number of misconceptions about the herb, which is still illegal in Jamaica, with many local and foreign investors already anxiously anticipating the millions they intend to make from this emerging industry.
"We know the economics. In Colorado (United States) last year, even though that's recreational but it also includes medical, they sold about US$1 billion worth of marijuana and collected US$135 million in taxes and fees for the state alone, with a population of five million plus," Delano Seiveright, a member of the Cannabis Commercial and Medicinal Research task force, told a Gleaner Editors' Forum recently.
"In the Canadian market, for medical, you have 35,000 to 45,000 patients, because they have a system in place for that. They are earning US$100 million from that alone, and their view is if they open it up, which they plan to next year, they are...
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