Grenada Cannabis Industry Profile πŸ‡¬πŸ‡©

Law TitleAct NumberYearLink
Drug Abuse (Prevention and Control) ActAct No. 7 of 1992 (amended by SRO 16 of 2011)1992 (amended 2011)View Document
Proposed Cannabis Decriminalization & Regulatory FrameworkN/AExpected 2025View Announcement
CategoryDetails
General Overview
LocationGrenada, a tri-island nation in the Caribbean comprising Grenada, Carriacou, and Petite Martinique.
PopulationApproximately 113,000 (2023 estimate).
EconomyPrimarily reliant on agriculture, tourism, and remittances; seeking diversification through emerging industries such as cannabis.
Cannabis History & CultureCannabis remains illegal under the Drug Abuse (Prevention and Control) Act; recent policy shifts aim to legalize and regulate its use for medicinal and industrial purposes.
Current Legal Status
Personal UseCannabis possession and cultivation remain illegal; however, decriminalization and regulatory reforms are under consideration.
Medicinal UseThe government is working to establish a legal framework to allow for medicinal cannabis use and production.
Recreational UseCurrently prohibited; no formal legislative framework for recreational use exists.
RestrictionsStrict penalties for unlicensed cultivation, distribution, and possession remain in place under existing laws.
Projected Market Data
Market Size ForecastThe cannabis industry has the potential to generate significant economic benefits, including export revenue from hemp and cannabis by-products.
Licensing RevenueExpected to contribute to government revenue through tiered licensing models for cultivation, processing, and distribution.
Economic ImpactCreation of new jobs and industries, particularly in agro-processing, export-oriented production, and research.
Cannabis Industry & Economy
Key PlayersGrenada Cannabis Working Committee: Oversees policy and regulatory development.
Cannabis Secretariat: Coordinates the implementation of cannabis-related policies and stakeholder engagement.
Former Senator Rolanda McQueen: Chair of the Commission on Cannabis Legalisation and Regulation, leading the development of Grenada’s cannabis policy framework.
Economic PotentialLegalization and industrialization are expected to boost agriculture, tourism, and export industries, especially for hemp by-products.
Commercial InitiativesDevelopment of licensing frameworks for medicinal cannabis and hemp production; focus on agro-processing and education for farmers.
Research & Development
Academic PartnershipsOpportunities for collaboration with regional institutions and international organizations for research into medicinal cannabis and hemp applications.
Research FocusMedical applications of cannabis, sustainable cultivation methods, and agro-industrial processing for export.
Potential CollaborationsPotential to work with CARICOM member states and international organizations to share best practices and drive innovation.
Cultural & Social Dynamics
Cultural AcceptanceIncreasing awareness and advocacy for cannabis legalization, especially among agricultural stakeholders and youth communities.
Social ProgramsProposed public education campaigns to raise awareness of responsible cannabis use and the economic benefits of legalization.
Community ImpactDecriminalization efforts aim to reduce the stigma and provide equitable opportunities in the cannabis industry for marginalized groups.
Environment & Sustainability
Agricultural PracticesFocus on sustainable cultivation practices and maximizing land use efficiency for hemp and cannabis production.
Environmental ChallengesManaging ecological impacts, including water usage, land conservation, and ensuring compliance with environmental standards.
Sustainability InitiativesPromotion of eco-friendly agro-processing and cultivation methods to align with Grenada’s environmental goals.
Challenges & Opportunities
Challenges– Establishing a comprehensive legal and regulatory framework.
– Addressing public health concerns and misconceptions.
– Competing with larger regional markets like Jamaica and St. Vincent.
Opportunities– Leveraging hemp by-products for export markets.
– Integrating cannabis tourism into the broader tourism sector.
– Establishing Grenada as a leader in medicinal cannabis production within the Caribbean.
Key Recommendations
For Policymakers– Expedite the implementation of the Cannabis Policy Framework.
– Foster collaboration with CARICOM member states for regional cannabis industry integration.
– Focus on public education campaigns to promote safe and informed cannabis use.
For Investors– Explore opportunities in medicinal cannabis cultivation, agro-processing, and export.
– Leverage Grenada’s agricultural potential to develop sustainable cannabis production.
– Focus on tourism-oriented ventures such as cannabis lounges and wellness retreats.
For Communities– Actively participate in public consultations to shape an inclusive cannabis policy.
– Support education and training programs to prepare local farmers and businesses for the industry.
Licensing
Cultivation LicenseProposed under the Cannabis Policy Framework for medicinal and industrial hemp cultivation.
Retail LicensePlanned licensing for dispensaries and retail outlets to ensure safe distribution of cannabis products.
Analytical Testing LicenseProposed license to ensure product quality and safety standards.
Manufacturing LicenseAgro-processing licenses for hemp and cannabis by-products are anticipated.
Research LicenseLicenses to facilitate scientific studies on cannabis applications and cultivation.
Transport LicenseLicenses for the regulated transport of cannabis within Grenada and potentially for export.
Annexes and References
Key DocumentsWaiting to Exhale Report (2018): CARICOM Regional Commission on Marijuana.
Grenada Cannabis Policy Framework Terms of Reference (2024).
References– Ministry of Agriculture and Lands, Forestry, Fisheries, and Cooperatives.
– Cannabis Secretariat Documents and Public Statements.
Call to Action
Next StepsInvestors are encouraged to contact the International Society of Cannabis (ISC) at investors@is-cannabis.com for guidance on licensing opportunities, market data, partnership ventures, and connections with Grenadian authorities.
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