Beautiful Virgin Islands

Wednesday, Oct 08, 2025

Medicinal cannabis has potential, but focus is on tourism– Premier Wheatley

Medicinal cannabis has potential, but focus is on tourism– Premier Wheatley

Virgin Islands (VI) Premier and Minister of Finance, Dr the Hon Natalio D. Wheatley says the proposed medicinal cannabis industry in the VI still has potential; however, he indicated that the focus will be on tourism and diversifying existing industries under his watch.

“I think there's potential there [Medicinal cannabis] once we get through our negotiations with the United Kingdom but just to say, we have been speaking about placing much more of a focus on our tourism sector,” he said.

Hon Wheatley was at the time speaking to the media during a one-on-one press conference on Friday, May 27, 2022, on unassented legislation, which includes the VI Cannabis Licensing Act, 2020, which was passed on June 30, 2020, and sent to the Governor's Office on July 27, 2020.

Dr the Hon Natalio D. Wheatley was at the time speaking to the media during a one-on-one press conference on Friday, May 27, 2022, on unassisted legislation, which includes the VI Cannabis Licensing Act, 2020, which was passed on June 30, 2020, and sent to the Governor's Office on July 27, 2020.


More economic diversification


That bill, along with new gaming legislation were individual parts of a greater push towards economic diversification and generation of more non-traditional revenue in the VI, under former Premier, Hon Andrew A. Fahie (R1).

Hon Wheatley added that while the territory has been facing and overcoming challenges in many different sectors through robust and resilient responses, he said the need for economic diversification still exists.

“There is the need to diversify our tourism product and there's a need to diversify our economy and let's take a look at agriculture and fisheries, for instance.”

Hon Wheatley continued, “We import quite a lot of our food, and of course, if we develop our agriculture and fishing industries and we provide more of what we eat and that will create employment, it will create business opportunities, it'll create government revenue,” he added.

Expanding tourism capacity


Meanwhile, Premier Wheatley said there is a need to expand capacity as it relates to accommodations in the VI for event-based tourism.

“We would also see if we can attract investment so that we can build some properties that can help us when we have things like event tourism, when we want to do sports, tourism, having a property where persons can actually come and stay,” he added.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
OpenAI and AMD Forge Landmark AI-Chip Alliance with Equity Option
Munich Airport Reopens After Second Drone Shutdown
France Names New Government Amid Political Crisis
Trump Stands Firm in Shutdown Showdown and Declares War on Drug Cartels — Turning Crisis into Opportunity
Surge of U.S. Billionaires Transforms London’s Peninsula Apartments into Ultra-Luxury Stronghold
Pro Europe and Anti-War Babiš Poised to Return to Power After Czech Parliamentary Vote
Jeff Bezos Calls AI Surge a ‘Good’ Bubble, Urges Focus on Lasting Innovation
Japan’s Ruling Party Chooses Sanae Takaichi, Clearing Path to First Female Prime Minister
Sean ‘Diddy’ Combs Sentenced to Fifty Months in Prison Following Prostitution Conviction
Taylor Swift’s ‘Showgirl’ Launch Extends Billion-Dollar Empire
Trump Administration Launches “TrumpRx” Plan to Enable Direct Drug Sales at Deep Discounts
Trump Announces Intention to Impose 100 Percent Tariff on Foreign-Made Films
Altman Says GPT-5 Already Outpaces Him, Warns AI Could Automate 40% of Work
Singapore and Hong Kong Vie to Dominate Asia’s Rising Gold Trade
Trump Organization Teams with Saudi Developer on $1 Billion Trump Plaza in Jeddah
Manhattan Sees Surge in Office-to-Housing Conversions, Highest Since 2008
Switzerland and U.S. Issue Joint Assurance Against Currency Manipulation
Electronic Arts to Be Taken Private in Historic $55 Billion Buyout
Thomas Jacob Sanford Named as Suspect in Deadly Michigan Church Shooting and Arson
Russian Research Vessel 'Yantar' Tracked Mapping Europe’s Subsea Cables, Raising Security Alarms
New York Man Arrested After On-Air Confession to 2017 Parents’ Murders
U.S. Defense Chief Orders Sudden Summit of Hundreds of Generals and Admirals
Global Cruise Industry Posts Dramatic Comeback with 34.6 Million Passengers in 2024
Trump Claims FBI Planted 274 Agents at Capitol Riot, Citing Unverified Reports
India: Internet Suspended in Bareilly Amid Communal Clashes Between Muslims and Hindus
Supreme Court Extends Freeze on Nearly $5 Billion in U.S. Foreign Aid at Trump’s Request
Archaeologists Recover Statues and Temples from 2,000-Year-Old Sunken City off Alexandria
China Deploys 2,000 Workers to Spain to Build Major EV Battery Factory, Raising European Dependence
Speed Takes Over: How Drive-Through Coffee Chains Are Rewriting U.S. Coffee Culture
U.S. Demands Brussels Scrutinize Digital Rules to Prevent Bias Against American Tech
Ringo Starr Champions Enduring Beatles Legacy While Debuting Las Vegas Art Show
Private Equity’s Fundraising Surge Triggers Concern of European Market Shake-Out
Colombian President Petro Vows to Mobilize Volunteers for Gaza and Joins List of Fighters
×