According to recent figures provided by the Cannabis Licensing Authority, Jamaica’s reported a total trade revenue of $1.34 million from May 2019 through July 2020. The figure excludes retail herb house sales and covers trading among license holders only, the CLA said. July’s total is an increase from June’s $51,500, showing steady industry growth despite persistent banking challenges. The CLA – an agency of the Ministry of Industry, Commerce, Agriculture, and Fisheries – has issued 11 first-tier licenses for cultivation up to 1 acre (0.4 hectares), 10 second-tier licenses for cultivation between 1 and 5 acres, and seven third-tier licenses for cultivation over 5 acres. That means Jamaica added six cultivators since last September. Also, Jamaica has approved three retail stores for therapeutic services, five herb house stores without facilities for consumption, and 15 retailers with consumption facilities. That is an increase from 14 stores about a year ago. The 67 business licenses issued thus far are an increase from 47 as of last September.
Marijuana Business Daily, 08/24/2020 12:21:42
Open article: https://mjbizdaily.com/jamaica-reports-1-3-million-in-b2b-cannabis-trade-as-license-issuances-rise/