Bahamian Citizens Or Established Legal Entity The Route To Bahamian Medical Cannabis Licenses

CANNANNEW REPORT

Only Bahamian citizens age 21 and older, or an established legal entity, would be allowed to apply for five licenses to handle cannabis at a cost of $10,000 each, according to the Medicinal Cannabis Bill, 2021 obtained exclusively by The Nassau Guardian this week. The bill, which seeks to set out a framework for the establishment of a medicinal cannabis industry in The Bahamas and the regulation of the handling of the plant, would give power to the Medicinal Cannabis Authority to approve persons or entities applying for a license. The five types of licenses are: a cultivation license to allow growing, harvesting, drying, trimming, curing or packaging of cannabis; an import license to allow for the importation of cannabis seedlings and cuttings from any country in which it is lawful to do so for the purpose of cultivation; an export license to allow for the export of locally cultivated cannabis, cannabis materials, cannabis products or medicinal cannabis to a country to which it is lawful to export; a manufacturing license to allow for processing and manufacturing of cannabis materials, cannabis products, or medicinal cannabis; a research license to allow for the conduct of scientific research relating to the development of medicinal cannabis; and a transport license to allow for the transport of cannabis, cannabis materials, cannabis products or medicinal cannabis in The Bahamas. Each license costs $10,000 and in the case of the transport license – which covers up to three vehicles – any additional vehicle would cost $1,500. The licenses granted would be valid for a period of three years, according to section 31 of the bill. That application process involves the completion of an application form, proof to the satisfaction of the authority of the eligibility of the applicant, a nonrefundable $1,000 application fee – $2,000 for two or…

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Source : Bahamian Citizens Or Established Legal Entity The Route To Bahamian Medical Cannabis Licenses

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