The Government of Jamaica says it’s keenly watching developments in the United States, which it says could have implication for the local marijuana industry.
Marijuana is legal is several states in the US, especially for medicinal purposes.
But US federal law, which governs multinational banks in the US, largely prohibits activities associated with marijuana cultivation.
State Minister in the Ministry of Industry, Investment and Commerce, Dr Norman Dunn, says those laws negatively affect local medicinal marijuana businesses.
In Tuesday’s US elections, several other states including Arizona, New Jersey, South Dakota, Montana and Mississippi voted to legalise some form of marijuana use.
Dr Dunn notes candidates in the US elections have also indicated their willingness to address the corresponding banking issues.
He says the government is continuing discussion on the issue at various levels.
Dr. Norman Dunn, State Minister in the Ministry of Industry, Investment and Commerce.
