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Opposition slams gov’t cannabis licence fee

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Running a medical marijuana operation in Antigua and Barbuda will cost an investor a whopping EC$325,000 in a licence fee, a sum so steep that, some politicians believe it may shut out the local man.

The United Progressive Party (UPP) for one, wants the government to go back to the drawing board and reduce the fee to obtain a marijuana licence.

So far, 5 applications for licences have been received, and one provisional licence has been granted at a whopping cost of EC$325,000.

But political leader of the UPP, Harold Lovell, tells Observer that the fee is outrageous.

“It is a travesty, and I cannot see how any administration could consider something like this. It shows a lack of vision,” Lovell said yesterday.

Furthermore, he said the government seems to lack the understanding that the local man should be provided the opportunity to benefit from such a profitable industry.

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“This is clearly an impediment to that opportunity. Only a few will be able to afford this. The government should be looking to see how they can make it easier for Antiguans and Barbudans to get into this industry,” he said.

The UPP leader says the entire situation reeks of discrimination for those coming from countries that uses different currencies.

“It is a great injustice to Antiguans and Barbudans, showing that the government has no real plan for empowerment. This is a golden opportunity, but all they are doing is creating a doorway where a few will benefit while the vast majority will end up being gardener, cutters, carriers…providing basic labour…,” he explained.

Lovell said it is not too late for the government to return to the drawing board on that particular matter.

“They need to take a holistic look at the industry and the regulation. It is very imprecise [and] vague, and its going to lead to a lot of problems because some things that apply to one may not apply to the other,” he said.

Lovell is not the only opposition voice disagreeing with the licence fee.

The Democratic National Alliance (DNA) said in a statement that current cannabis regulations are restrictive and will impede entry to the industry for locals who may be interested in investing in the sector to capitalise on opportunities.

Louis Rivera, a spokesman for the party, said in a statement yesterday that if the government is serious about diversifying the economy, it is duty-bound to devise ways to empower locals first.

The party wants the government to review the current situation and proposes that the existing licencing fees be reflected in Eastern Caribbean (EC) dollars and not United States (US) dollars, and further, that these fees be reduced by fifty percent, thereby making them more affordable to locals.

But chief of staff in the Prime Minister’s office, Lionel ‘Max’ Hurst, told Observer that the fees only apply to those using cannabis for medical purposes.

Hurst said further that the licence fee, which many residents say is too steep, is justified.

“It is a fair way of ensuring that those who enter into the market have the resources to support the commercial use of the cannabis in a medicinal form. Growing marijuana for the purposes of creating medicine is a rather intricate undertaking, and not many will have the capability of so doing. This is why the [fee] amount is so high,” he added.

The government warned that there are to be no waivers on the licence fee. the Cabinet agreed.

The law anticipates that for religious purposes, cannabis grown by approved Rastafarian groups, will not have those fees applied, but will still be required to abide by other strictures as articulated in the law.

The Cannabis Board requires an injection of funds and seven employees to allow it to function.

The employees will be drawn from government departments, since there are to be no new hirings within the public sector, and funds will be provided to allow this sector to begin to yield returns as anticipated when the law was adopted. SOURCE: Daily Observer

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REQUEST FOR EXPRESSIONS OF INTEREST

(CONSULTING SERVICES – INDIVIDUAL SELECTION)

 

OECS MSME Guarantee Facility Project

Loan No.: IDA-62670, IDA-62660, IDA-62640, IBRD-88830, IDA-62650

Assignment Title: Senior Operating Officer (SOO)

Reference No. KN-ECPCGC-207852-CS-INDV

 

The Governments of Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Lucia and St. Vincent and the Grenadines have received financing in the amount of US$10 million equivalent from the World Bank towards the cost of establishing a partial credit guarantee scheme, and they intend to apply part of the proceeds to payments for goods, and consulting services to be procured under this project. 

The consultant will serve as the “Senior Operating Officer (SOO)” for the ECPCGC and should possess extensive knowledge of MSME lending with some direct experience lending to Micro, small and medium-sized businesses, knowledge of the internal control processes necessary for a lending operation and the ability to design and implement risk mitigation procedures. The ideal candidate should possess an Undergraduate Degree from a reputable college or university, preferably in Business, Accounting, Banking or related field, with a minimum of 5 years’ experience in lending, inclusive of MSME lending. The initial employment period will be for two years on a contractual basis. Renewal of the contract will be subject to a performance evaluation at the end of the contractual period. The assignment is expected to begin on September 30th, 2021.  The consultant will report directly to the Chief Executive Officer of the ECPCGC.

The detailed Terms of Reference (TOR) for the assignment can be viewed by following the attached link below. 

 

https://bit.ly/3iVannm

 

The Eastern Caribbean Partial Credit Guarantee Corporation (ECPCGC) now invites eligible “Consultants” to indicate their interest in providing the Services. Interested Consultants should provide information demonstrating that they have:

  • An Undergraduate Degree from a reputable college or university, preferably in Business, Finance, Banking or related field; and
  • Minimum of 5 years’ experience in MSME lending. Applicants should also have:
  • The ability to design and implement risk management procedures 
  • Extensive knowledge of MSME lending with some direct experience lending to small and medium-sized businesses
  • Extensive knowledge of MSME banking operations
  • Knowledge of the internal controls necessary for a lending operation and the ability to design and implement risk management procedures
  • Experience developing and presenting information in public, including responding to questions in real-time
  • Experience lending to MSMEs located in the ECCU
  • Knowledge of marketing and communicating with the MSME sector
  • Ability to draft procedures to be used in a lending operation
  • Familiarity with the mechanics of a loan guarantee program
  • Exceptional written, oral, interpersonal, and presentation skills, and
  • Proficiency in the use of Microsoft Office suite.

The attention of interested Individual Consultants is drawn to Section III, Paragraphs 3.14, 3.16, and 3.17 of the World Bank’s Procurement Regulations for IPF Borrowers July 2016, [revised November 2017] (“Procurement Regulations”), setting forth the World Bank’s policy on conflict of interest. A Consultant will be selected in accordance with the Approved Selection Method for Individual Consultants set out in the clause 7.34 of the World Bank Procurement Regulations for IPF Borrowers. 

 

Further information can be obtained at the address below during office hours 0800 to 1700 hours:

Eastern Caribbean Partial Credit Guarantee Corporation

Brid Rock, Basseterre,

St. Kitts.

Expressions of interest must be delivered in a written form by e-mail by August 11th, 2021, to [email protected]

 

For further information, please contact:

Carmen Gomez-Trigg                                                            Bernard Thomas

Chief Executive Officer                                                          Chief Financial Officer

Tel: 868-620-8144                                                                  Tel: 869-765-2385

Email: [email protected]                                          [email protected]