News Americas, MIAMI, FL, Fri. Feb. 2, 2018: St. Vincent and the Grenadines is set to jump on the emerging global market of medical cannabis with plans to amend legislation to allow for the export of the drug.
According to SVG iWitness News, legislation allowing for the production and export of medical marijuana could be passed as early as March 2018. Prime Minister Dr. Ralph Gonsalves said that systems would need to be put in place for the safe production and export of the product but said he thinks that there was a consensus on the medicinal properties of the product. The Global Medical Cannabis Market is expected to reach a value of 55.8 billion US by 2025, and the Cannabis Industry as a whole is expected to outpace jobs in manufacturing by 2020.
Europe is set to become the largest cannabis market in the World within the next five years with a market of over 739 million people, and a healthcare spending of € 1.49 trillion.