The Ministry of Industry, Investment and Commerce is advanced in establishing a Ganja Industry Development Task Force, which will draw on expertise from the public and private sectors and academia to provide guidance for the further growth of the industry.
Among the areas of focus are rights and protection, expansion of research on medical cannabis, product development, market access, and high-impact investment.
Portfolio Minister, Audley Shaw, made the disclosure during his contribution to the Sectoral Debate in the House of Representatives on Tuesday.
The work of the task force will better enable Jamaica to take advantage of opportunities in the global cannabis industry, which Shaw said is forecast to double in value with a worth of approximately US$42 billion in three years.
He noted that while the industry today is dominated by the sale of ganja buds in dispensaries, its future success lies in cannabis by-products aimed at improving the quality of life of users.