Rastafarians Lead Caribbean Cannabis Boom

0.9 min readPublished On: January 31st, 2025By

LOS ANGELES- In recent years, St. Vincent and the Grenadines (SVG) has witnessed a transformative shift in its cannabis industry, particularly benefiting Rastafarian farmers who have long regarded the plant as sacred. Historically, these cultivators faced significant challenges, including the destruction of their crops during U.S.-backed anti-narcotics operations. As cannabis gains global recognition for its medicinal properties, SVG is positioning itself as a key player in the medicinal cannabis market.

The government has implemented measures to support traditional farmers, such as offering free licenses with a subsidized application fee of $100 East Caribbean dollars and mandating that companies producing marijuana products purchase 10% of their plants from these farmers. Additionally, individuals are permitted to possess up to 56 grams of cannabis, with certain restrictions on public use. Dr. Jerrol Thompson, CEO of the SVG Cannabis Authority, emphasizes the nation’s unique advantages, including its rare volcanic soil, which is ideal for cultivating high-quality cannabis. He also highlights the importance of tourism in bolstering the industry’s growth.

This collaborative effort aims to establish SVG as a reputable producer of medicinal cannabis, benefiting traditional cultivators and contributing to the nation’s economic development.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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