KINGSTON –– Canadian-based Timeless Herbal Care Limited (THC) announced Saturday it had secured a US$100 million deal to develop medical marijuana products in Jamaica for the international market.
Courtney Betty, the Jamaican Canadian who heads THC, did not go into great detail, but said the deal would create job opportunities for many Jamaicans. He said the deal was buttressed by the decision of the Jamaican government to decriminalize ganja for medicinal purposes.
Betty used the opportunity in a speech at an Association of Consultants and Physicians of Jamaica (ACPJ) reception and banquet, held at the Jamaica Pegasus Hotel in New Kingston, to urge physicians and private sector businesses to get on board with medical marijuana treatment, saying Jamaica was destined to become a hub for investment in medical marijuana.
“This is not about smoking marijuana, but it is about developing medical products that will be able to help patients,” said the president and CEO of Timeless Herbal Care, a nutraceutical pharmaceutical company that produces medical marijuana products.
“It really is about private corporations and businesses, and our expectation is that there will be many companies that will start coming to Jamaica looking to invest because of the tremendous intellectual property and resources that sit here at the University of the West Indies.”
A high point of the ACPJ banquet was the honouring of its past president and consultant neurologist Dr Amza Ali and Dr Hafeezul Mohammed, outstanding cardiologist, internist and consultant physician.
Ali was trained in neurology at the National Hospital for Neurology and Neurosurgery, Queen Square, London, and is specially certified in neurology by the Federation of Royal Colleges of Physicians
of the United Kingdom and the Association of British Neurologists.
“Being honoured by one’s peers is an amazing thing. It gives you a sense of validation that can’t come from anything else, because it means other people that you respect, respect what you are doing,” Ali said in his response.