As part of a joint venture, United Cannabis Corporation, based in Denver, Colorado, and Jamaica-based Cannabis Research & Development have submitted an application to the island nation’s Cannabis Licensing Authority to cultivate, manufacture, transport, and conduct research on cannabis within Jamaica, the companies announced in a press release. The application has already been accepted and the review process is “expected to begin presently,” the release states.
Earnest Blackmon, United Cannabis CEO, called the move “a significant milestone for [their] Jamaican team.”
“The cannabis licensing application process is a cumbersome undertaking regardless of the domain. Fortunately, we have a strong business model, considerable experience with the process and a solid partnership with CRD,” he said in the release. “I am pleased that our application was accepted and expect it will be approved in the near term.”
The partnership with the two firms was established after Jamaica’s Cabinet and Parliament decriminalized the cultivation, production, use and possession of cannabis for therapeutic, medical and scientific purposes.
“While the application has been our primary focus recently, we have also been fine-tuning our business plan and securing the relationships necessary to implement that plan,” Marcus “Bubbleman” Richardson, CRD director, said. “We are on track and anxious to get to work!”
Get daily cannabis business news updates. Subscribe
End