The National Committee for the establishment of a modern medicinal cannabis industry in SVG will host the first round of discussion for potential local investors.
The meeting is scheduled to place on Monday, January 22nd, 2018 at the Ministry of Foreign Affairs Conference room on the 2nd floor of the financial complex beginning at 4.30pm.
Local investors who wish to express their plans for participation in the medicinal cannabis industry can also submit business proposals to or seek information from Invest SVG.
Last week Minister of Agriculture Saboto Caesar said that the committee is looking at models from around the world, and the lessons to be learnt from all there experiences.
He said this is being done so at the end of the day when the legislation is passed in the parliament of St Vincent, it can be to proclaim an indigenous piece of legislation, borrowing from experience and opportunities which would have arisen for other persons and making sure similar mistakes don’t take place.
The Global Medical Cannabis Market is expected to reach a value of 55.8 billion US by 2025, and the Cannabis Industry as a whole is expected to outpace jobs in manufacturing by 2020.
Europe is set to become the largest cannabis market in the World within the next five years with a market of over 739 million people, and a healthcare spending of € 1.49 trillion.