“We will be engaging in export activity and this can open up trade channels to export other BVI products. This will allow for the creation of an export tax, therefore and thereby opening the door for new revenues to be realised by this territory. All of this will contribute to our economic growth,” Fahie said during last Friday’s debate of the legislation that provides for the cultivation, processing, importation, exportation, distribution, and sale of medical cannabis in the BVI.
No further details were given about the new proposed tariff at the time of Fahie’s statement.
Besides this new export tax, Premier Fahie said the aforementioned medical marijuana legislative framework can help to propel the BVI into medical tourism - an area he said the territory has been “talking about for years”.
A fool isn’t someone who is wrong, a fool is someone who is afraid of being wrong.