JAMAICA:  Canada is willing to purchase marijuana from Jamaica, a lucrative deal that could potentially earn billions of dollars for the country on an annual basis.

Blaine Dowdle, chief executive officer of Canada-based MedCannAccess, is urging Jamaica to act quickly and seize the vast economic opportunity that could come from legalising marijuana and establishing an export market for the product.

According to Dowdle, his country is looking to engage in the potential CDN$1.2-billion medical marijuana market. However, it is very expensive to grow marijuana in Canada, and hence investors there would be more than willing to import it from Jamaica.

Noting that medical marijuana currently retails for approximately CDN$7-$10 per gram in Canada, he said the product was in demand, which makes it a very profitable market.

Dowdle, who was in Jamaica to participate in Sunday’s Cannabis Stakeholders Forum that was staged at the PCJ Auditorium in St Andrew, said MedCannAccess is a leader in the medical cannabis field, working to improve access for patients across Canada.