Jamaican Regulators Say They Want To Slash Cannabis Business License Waiting Time From 2 Years To 6 Months

MJ Biz ahas the story.  Jamaican regulators want to substantially reduce the amount of time it takes entrepreneurs to get a cannabis business license, but banking remains the biggest hurdle to the fledgling industry’s growth. The Cannabis Licensing Authority (CLA) is in the final stages of a technical review of the entire licensing process. “We really want to be able to say that it should take a maximum of six months to get your license in Jamaica.”“We’re doing a complete internal review on all of the steps we take in finalizing a licensee, approving the license,” said Floyd Green, minister of Industry, Commerce and Agriculture. It currently can take up to two years for an applicant to become “conditionally approved,” a situation that has contributed to a backlog of 233 applications at that stage, according to the most recent data. Jamaica looks to slash cannabis license processing time, but banking remains major obstacle  

Excerpt only …
READ MORE BELOW
Source : CANNANNEW REPORT
Link to original : Jamaican Regulators Say They Want To Slash Cannabis Business License Waiting Time From 2 Years To 6 Months
reposted by Cannabis News World