The Ganga Growers and Producers Association, GGPA, says it’s to meet with Prime Minister Andrew Holness this month to discuss policies that can make US-based financial institutions more accessible to players in the marijuana sector.
GGPA representative, Richard “Dickie” Crawford says some banks have expressed their willingness to participate in the marijuana industry. But he says US federal laws make that illegal.
He says even local medicinal marijuana investors– who’s operations are permitted under the law– are affected by this stance by financial institutions.
Mr. Crawford says for years, Jamaica has had to adhere to laws that criminalise marijuana in all instances. He says measures that can improve the development of the local marijuana sector will also be discussed at the meeting.
This comes as US Attorney General Jeff Sessions has rescinded a previous Barack Obama administration policy of non-interference with marijuana-friendly state laws.
While many states have decriminalized or legalized marijuana use, it’s still illegal under federal law, creating a conflict between federal and state law.
The decision reverses previous laws that advised against bringing marijuana prosecutions in States where it was legal to use the drug for recreational or medical purposes.
It also paves the way for the federal government to crack down on the burgeoning marijuana industry.