A number of new agreements have been signed between Apollon Formularies and Jamaica’s Cannabis License Authority (CLA) licensed cultivators allowing access to high-quality flower.
Apollon has signed more than a dozen tripartite agreements with Jamaica’s CLA which will enable the company to use high-quality cannabis flower to accelerate processing and manufacturing. The medical cannabis products will be used for patients, clinical trials and export.
The company has also established the Apollon Kannabiz Cooperative which aims to ensure that Jamaica’s cannabis growers are not left out of the regulated medical cannabis system, allowing traditional farmers to move into the legal industry.
The company has stated it believes that the local farmers should not only “grow for us” but should also be given an opportunity to “grow with us”.
Jamaica’s Minister of State in the Ministry of Industry, Commerce, Agriculture and Fisheries, Hon. Floyd Green, hailed the initiative at the official opening in Westmoreland, Jamaica, in October 2019: “Apollon is, indeed, cognisant of the need to develop a holistic sector, which does not overlook the traditional farmers.
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“Indeed, let us allow our farmers to not just grow for the sector but to also grow with the sector in a meaningful and sustainable way.”
CLA director of enforcement and monitoring, Faith Graham, speaking at a recent Jamaica Information Service (JIS) think tank, commented: “By insisting on a standard for our licence holders and those interested in becoming a part of our local market, we are showing that we operate at an international level as we apply best practices for the global industry.
“The CLA operates a closed-loop system, characterised by a tripartite agreement that is fundamental to the industry maintaining its integrity. The tripartite agreement ensures that the ganja (cannabis) that is cultivated is sold to another licensee.”
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Apollon Formularies Jamaica Limited CEO, Paul Burke, commented: “Apollon‘s goal is to reposition Jamaica’s medical cannabis industry, in terms of science, research and development, product manufacturing, affordable patient care, and legal export, while becoming an industry leader in the global pharmaceutical and nutraceutical medical cannabis space.”
“We are pleased that so many CLA-Licensed cultivators have signed tripartite agreements with the company indicating their interest and willingness to grow and provide substantial quantities of high-quality, freshly harvested cannabis buds to be used by Apollon to process and manufacture large quantities of medical cannabis products which will significantly accelerate and increase our inventory for patients, clinical trials, and export,” added Stephen Barnhill, MD, CEO of Apollon Formularies.
“We also recognise and appreciate the experience and dedication of traditional Jamaican ganja farmers and look forward to expanding the Apollon Kannabiz Cooperative to provide jobs and income to help local farmers have a better way of life for themselves and their families.”
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