The Medicinal Cannabis (R)evolution

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LIST OF ACRONYMS AND ABBREVIATIONS	5
4.1 De-risking and the Eastern Caribbean Currency Union	25
4.2 Challenges and Opportunities for the Commercial Banking Sector	28
4.3 Broader Financial Sector Challenges	34
4.4 Banking and Payment Processing Solutions for the Cannabis Industry	37
5.1 The Medicinal Cannabis Industry Legislation – St Vincent and the Grenadines14F	41
5.2 Medicinal Cannabis Regulations19F	43
5.3 The Cannabis Legislation – Antigua and Barbuda21F	44
5.4 The Cannabis Bill – Saint Christopher and Nevis	45
GOVERNOR’S FOREWORD	6
1.0 INTRODUCTION	8
2.0 Economic Rationale for Developing the industry	12
3.0 The Potential Global Demand for cannabis	20
4.0 Banking Sector issues for the cannabis Industry	25
5.0 Recent Legislative Developments in ECCU Member COUNTRIES	40
6.0 Conclusion	46
7.0 Policy considerations	47
Appendix I - US Patriot Act and Correspondent Banking Relationships	50
Appendix II - Results of Mentimeter at the Inaugural Meeting with Financial Institutions	52
REFERENCES	54

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