The Barbados Medicinal Cannabis Licensing Authority (BMCLA) is pleased to announce that there are two (2) new businesses approved to operate in the medicinal cannabis industry with a combined seven (7) licences.
With the announcement of these two (2) new businesses approved, there are now a total of nine (9) local businesses approved to date to participate in the local medicinal cannabis industry with a combined 25 licences.
The new businesses approved late last month were:
COMPANY: Amalgamated Security Services (Barbados) Limited
LICENCE APPROVED:
- Transport
COMPANY: Island Therapeutics Inc.
LICENCE(S) APPROVED:
- Cultivator – Tier 1
- Processor – Tier 1
- Retail Distributor
- Transport
- Import
- Export
“The Barbados Medicinal Cannabis Licensing Board (BMCLB) approvals bring us one step closer to expanding Barbados’ legal medicinal cannabis marketplace,” said Chief Executive Officer (Ag.), Senator Shanika Roberts-Odle. “We are now able to create an important medicinal cannabis supply chain – from the creators in cultivators who grow the plant and the processors, who take that
raw material and transform it into tested, consistent, high-quality products that patients can trust.”
She continued: “We also now have businesses approved to build a system that can import planting materials for cultivators to grow legally, and businesses that soon can transport that plant or the final product from point A to point B. We have businesses that will soon be
able to buy the local medicinal cannabis plant or locally produced final product to export it outside these shores legally or sell to businesses here that can buy that final product for their therapeutic facilities where patients can go, purchase from the pharmacy in the therapeutic facility and consume it there while enjoying a health and wellness spa-type environment. Wholistically, Barbados’ entire medicinal cannabis ecosystem can now move towards creating a market, job opportunities, and entrepreneurship.”
The first set of businesses and licences approved by the BMCLB was in July 2022. They were:
COMPANY: Best Buds Inc.
LICENCES APPROVED:
- Cultivator – Tier 1
- Import (the licencee has decided to hold on this licence)
COMPANY: Cleland Organics Inc. (first application)
LICENCES APPROVED:
- Cultivator – Tier 2
- Processor – Tier 1
- Transportation
- Research & Development
- Retail Distributor
- Import
- Export
The second approved licences were in June 2023, which included:
COMPANY NAME: Shattex Inc.
LICENCE APPROVED:
- Cultivator – Tier 2
COMPANY NAME: Alchemical Labs LICENCE APPROVED:
- Cultivator – Tier 1
COMPANY NAME: Cannagreen Enterprises Limited
LICENCES APPROVED:
- Cultivator – Tier 1
- Processor – Tier 1
- Import
- Retail Distributor
COMPANY NAME: Cleland Organics Inc. (second application)
LICENCE APPROVED:
- Retail Distributor
COMPANY NAME: Pearl Premium Corp.
LICENCES APPROVED:
- Cultivator – Tier 1
- Export
For more information on the medicinal cannabis industry or the BMCLA, visit www.bmcla.bb
The Barbados Medicinal Cannabis Licensing Authority