The Cannabis Licensing Authority, CLA says it’s handling an influx of applications, as players seek a stake in the potentially lucrative local ganja industry.

Chairman of the CLA, Dr. Nadeen Spence gave an update during an interview with our news-centre.

The role of the CLA is to establish and regulate Jamaica’s legal medicinal ganja industry.

Meanwhile, Dr. Spence says the country’s financial sector is reluctant to throw its weight behind the ganja industry at this time given the existing classification of ganja under the Dangerous Drugs Act.

Dr. Nadeen Spence, Chairman of the CLA.