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Medicinal Cannabis in Barbados: An Industry Poised for Growth

Deloitte's contribution to Business Barbados, 2020

Our team share their insights on potential avenues for Barbados to capitalize on the merging, multi-billion-dollar global cannabis industry, as a framework to facilitate the legalization of medicinal cannabis in Barbados is in the works.

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The legalization of medicinal cannabis marks a significant transition for a conservative Barbadian society. However, to maximize Barbados’ global market share and overall impact of the cannabis market, the government will need to complete proper due diligence, which includes considering social opposition, sensitization process and socio-economic factors. Nevertheless, this dynamic and sophisticated sector can be a catalyst in creating new jobs, new opportunities for local businesses and new revenues for the government. The legalization of medicinal cannabis also presents great opportunity for international investors.

Read our team’s article and other related articles in the full issue of the 2020 edition of Business Barbados or feel free to download using the action box to the right.

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