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Gov't working to establish better relationship between local cannabis industry, US banks

Minister of Industry and Commerce Audley Shaw says the Government of Jamaica is working on establishing better relationships between dealers in the local cannabis industry and banks in the United States, for growth of the developing sector. 
 
Mr. Shaw says the United States has a US$150 million industry for cannabis, which Jamaicans can tap into.
 
He says he has been aggressively lobbying the United States Government to put in place a formal correspondent banking system for legitimate legal cannabis and medicinal cannabis operators.
 
Mr. Shaw was speaking yesterday at the launch of CanEx Jamaica Business Conference and Expo in New Kingston.


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