Beautiful Virgin Islands

Thursday, Apr 23, 2026

Success: BVI lost potential investors due to hold up of Cannabis Bill

Success: BVI lost potential investors due to hold up of Cannabis Bill

Premier and Minister of Finance, Hon Andrew A. Fahie has said that as a result of the hold-up of the Cannabis Bill, passed since June 2020 in the Virgin Islands House of Assembly (HoA) for the territory to establish a medicinal marijuana sector, the territory has already lost some potential investors. From the Governor point of view, that was exactly the goal: not to let BVI succeed too much, just to keep them above the water, so they will always remain dependents.

The Premier’s statements come following a December 10, 2020, update from Governor Augustus J.U. Jaspert on the Cannabis Licensing Act 2020, which he said will be assented to pending a Memorandum of Understanding and more collaborations with the United Kingdom (UK) to establish a legal framework for the industry.

Why BVI cannot manage their internal affairs and must continue obey the masters in UK and their framework? 

UK framework should be designed for environment where they located: the EU. That has nothing to do with BVI, that is located in the Americas, where the industry is much less European-bureaucracy-hostile.

and above all: its non of UK’s business what BVI people want to do in BVI. Slavery is over, ownership is over, and patronizing sounds like a bad joke from a nation that is falling apart and cannot handle even their own very basic things.


Foreign Secretary involvement a first - Premier


“Mr Speaker, we know that the Cannabis Legislation has not been assented to, and for the first time ever in my history of being in politics or checking around the Caribbean, I am understanding now that the Foreign Secretary is the one who will be dealing with having it assented to and we're going to be involved in some MoU and different areas,” Hon Fahie said.

The Premier was at the time speaking at today’s, December 14, 2020, Second Sitting of the Third Session of the Fourth House of Assembly on the topic of revenue generators and income diversification.

“Mr Speaker, I pray that this is not something done to stop us even further, but something that is done to help push forward this matter and have it done very quickly,” the Premier went on to say.


Premier Andrew A. Fahie said that while the United National (UN); which has recently reclassified marijuana as a less dangerous drug, did not mention the VI, their policies matched up against the territory’s active and diligent drive to ensure that all the measures in the bills were compliant with international laws.


Lost investors & delays a concern


He said so far, the Virgin Islands  has already lost several potential investors in the sector as a result of the hold-up, and these investors have not invested in other places.

“This, Mr Speaker, is room for concern because when we pass the Cannabis legislation, despite all the negative talk around it… we have seen lately where the United Nations have come forward now, independent of what we have passed but yet now, to validate everything that was passed in that building stage.”

He said while the United Nations (UN), which has recently reclassified marijuana as a less dangerous drug, did not mention the VI, their policies matched up against the territory’s active and diligent drive to ensure that all the measures in the bills were compliant with international laws.


The Cannabis Licensing Act, 2020, passed since June 2020, paves the way for the territory to establish its medicinal marijuana sector however, to date it has not been assented by the Governor.


Bill has no legal violations - Premier


“So, we are not in violation and we kept saying that all the time, there is no legal violation so we couldn't understand why it was not being assented to,” adding that he who controls the economics, "controls your country.”

The Premier noted; however, that the VI cannot afford the delays to continue as they have already adversely impacted the local economy and investment climate.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
News Roundup
Microsoft lost 2.5 millions users (French government) to Linux
Privacy Problems in Microsoft Windows OS
News roundup
Péter András Magyar and the Strategic Reset of Hungary
Hungary After the Landslide — A Strategic Reset in Europe
Meghan Markle Plans Exclusive Women-Focused Retreat During Australia Visit
Starmer and Trump Hold Strategic Talks on Securing Strait of Hormuz Amid Rising Tensions
Unofficial Australia Visit by Prince Harry and Meghan Expected to Stir Tensions with Royal Circles
Pipeline Attack Cuts Significant Share of Saudi Arabia’s Oil Export Capacity
UK Stocks Rise on Ceasefire Momentum and Renewed Focus on Diplomacy
UK to Hold Further Strategic Talks on Strait of Hormuz Security
Starmer Voices Frustration as Global Tensions Drive Up UK Energy Costs
UK Students Voice Concern Over Proposal for Automatic Military Draft Registration
Rising Volatility Drives Uncertainty in UK Fuel and Petrol Prices
UK Moves to Deploy ‘Skyhammer’ Anti-Drone System to Strengthen Airspace Defense
New Analysis Explores UK Budget Mechanics in ‘Behind the Blue’ Feature
Man Arrested After Four Die in Channel Crossing Tragedy
UK Tightens Immigration Framework with New Sponsor Rules and Fee Increases
UK Foreign Secretary Highlights Impact of Intensified Strikes in Lebanon
UK Urges Inclusion of Lebanon in US-Iran Ceasefire Framework
UK Stocks Ease as Ceasefire Doubts in Middle East Weigh on Investor Confidence
UK Reassesses Cloud Strategy Amid Criticism Over Limited Support Measures
UK Calls for Full and Toll-Free Access Through Strait of Hormuz Amid Rising Tensions
Starmer Signals Strategic Shift for Britain Amid Escalating Iran-Linked Tensions
UK Issues Firm Warning to Russia Over Covert Underwater Military Activity
OpenAI Halts Stargate UK Project, Casting Uncertainty Over Britain’s AI Expansion Plans
Starmer Voices Frustration Over Global Pressures Driving UK Energy Costs Higher
UK Deploys Military Assets to Protect Undersea Cables From Suspected Russian Threat
Canada Aligns With US, UK and Australia as Europe Prepares Major Digital Border Overhaul
Meghan Markle’s Planned Australia Appearance Sparks Fresh Speculation
Starmer Warns Sustained Effort Needed to Ensure US–Iran Ceasefire Holds
UK to Partner with Shipping Industry to Rebuild Confidence in Strait of Hormuz, Cooper Says
UK Interest Rate Expectations Ease Following US–Iran Ceasefire Agreement
Starmer Signals Major Effort Needed to Fully Reopen Strait of Hormuz During Gulf Visit
UK Fuel Prices Face Ongoing Volatility Amid Global Pressures and Domestic Factors
Kanye West’s Planned Italy Festival Appearance Draws Debate After UK Entry Ban
Smuggling Routes Shift Toward Belgium as Migrant Crossings to UK Evolve
Ceasefire Offers Potential Relief for UK Fuel and Food Prices Amid Ongoing Uncertainty
Iran Conflict Raises Questions Over UK’s Global Influence and Military Preparedness
Senator McConnell Visits Kentucky to Highlight Federal Investment in Local Projects
Kanye West Barred from Entering UK as Legal Grounds Come into Focus
UK Denies Visa to Kanye West After Sponsors Withdraw from Wireless Festival
Trump-Era Forest Service Restructuring Leads to Closure of UK Lab Focused on Kentucky Woodland Health
Foreign Students in the UK Describe Harsh Living Conditions and Financial Pressures
Reform UK Proposes Visa Restrictions on Nations Pursuing Reparations Claims
Public Reaction Divides Over UK Decision to Bar Kanye West
Calls Grow for UK to Review US Base Access Following Concerns Over Escalating Rhetoric
UK Indicates It Will Not Permit Use of Its Bases for Potential US Strikes on Iran’s Energy Infrastructure
UK Prime Minister Defends Decision to Bar Kanye West, Questions Festival Booking
×