Saint Vincent, First Eastern Caribbean State To Export Medical Cannabis, Is 'Ready For Global Business'

Saint Vincent and the Grenadines, a Caribbean nation with a population of just over 110,000 people, exported 110 pounds (49.8 kilos) of cannabis to Germany, making it the first Eastern Caribbean state to export medical marijuana. 

St Vincent's agriculture minister Saboto Caesar said on Jan. 7 that Germany's Federal Institute for Drugs and Medical Devices had approved a license for the shipment and that the product, sold by Caribbean Cannabis Company, should be in Germany posthaste.

"St. Vincent and the Grenadines is ready for global business in the Medicinal Wellness Industry space," Caesar said, adding the government hopes to develop other wellness products including traditional medicines and the emerging field of psychedelic medicine, reported Reuters.

Saboto Caesar said on Jan. 7 that Germany's Federal Institute for Drugs and Medical Devices had approved a license for the shipment.

Caesar noted that while this was the first medical cannabis export by a member of the Organization of Eastern Caribbean States, which is made up of 11 nations, there will be more to come.

Photo by Trenton Jones on Unsplash

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisGovernmentNewsRegulationsPoliticsMarketsGeneralMedicinal CannabisSaboto CaesarSaint Vincent and the Grenadines
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Cannabis is evolving – don’t get left behind!

Curious about what’s next for the industry and how to leverage California’s unique market?

Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!

Get your tickets now to secure your spot and avoid last-minute price hikes.