Two Barbadian companies have secured the first two licences to operate in the medicinal cannabis industry.The Barbados Medicinal Cannabis Licensing Authority (BMCLA) announced Friday that the two licensees, Best Buds and Cleland Organics Inc, hold a combined nine (9) licences.The authority’s Acting Chief Executive Officer Senator Shanika Roberts-Odle said: “We are excited and very happy to have the Board approve these licences, with Cabinet’s approval. Barbados is moving towards an ambitious new industry and our strategic plan clearly sets out bold targets to fully realise the potential of this market. This first set of licences represents a new economic sector under the medicinal cannabis industry, which will drive economic diversification across existing local sectors, stimulate job and training opportunities and encourage local, regional and international investment and entrepreneurship.”
