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Trinidad And Tobago Moves To Decriminalize, Establish Cannabis Economy
Clydeen McDonald is a journalist based in Trinidad and Tobago. What does it take to grow a thriving legal cannabis industry, with a focus on equity, in the Caribbean? Activists and potential investors based in Trinidad and Tobago are hoping that its government decides that those factors include high local participation, financial assistance for small farmers, and limits on foreign involvement in the domestic industry, particularly in the area of cultivation. The committee is mandated to deliver its report on the Bill by December Once the report is delivered, the Bill will be amended accordingly ahead of a final vote in Parliament. Stakeholders can submit comments while the Committee prepares the report, and dozens have already done so. Stakeholders are watching this date closely. The rollout of cannabis decriminalization, via amendments to the Dangerous Drugs Bill , a piece of legislation that was introduced simultaneously last year, has also been confusing. As Cannabis Wire previously reported , while arrests have declined, illegal crop cultivation has risen. These factors have made it more urgent for the Bill to clear up what the cannabis landscape will look like. Currently, the Bill allows non-citizens—of Trinidad or of any of the Caribbean nations that are part of CARICOM—to own up to 70 percent of an entity that applies for a cultivator, processor, retailer, transporter, importer, or exporter license, with no ownership limit on research and development or laboratory licenses. Those stakeholders would like to see that percentage reduced, a concern that has gone unaddressed by legislators. These provisions will give local shareholders greater control over the budding industry, according to its supporters. This step, they contend, will protect the industry from future shocks in the global market—such as those last year that caused several Canadian cannabis companies to divest from the region in an effort to save cash—while creating more domestic employment and investment opportunities in the short term. Jamaica , Muller explained, saw foreign investors flock to the island at the start of the industry due to cheap licenses and land permits. Antoine added that regulators in Caribbean nations should learn from each other as different regions change cannabis policies. Edmonds told Cannabis Wire that Jamaica offers other lessons learned, with a major one being that delays in implementation of cannabis rules can significantly impact the development of the industry. Lab testing of products from unlicensed sellers across New York City found contaminants like lead and salmonella. Skip to content Don't miss the full picture. Every weekday morning at 7 a. Image credit: Alyson Martin. See more.
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