Your browser (Internet Explorer 7 or lower) is out of date. It has known security flaws and may not display all features of this and other websites. Learn how to update your browser.

X

Bunny Wailer calls out Marley estate on recent cannabis deal

Shereita Grizzle, Gleaner Writer

“The Marley Natural deal must be publicly opposed,” says veteran entertainer Bunny Wailer. In light of the recent deal between the Marley estate and international cannabis company Privateer Holdings, Wailer, who has long been an advocate for the legalisation of marijuana, believes that the venture should not be allowed to gain success.

Following a recent Sunday Gleaner article which highlighted the pros and cons of the deal, Wailer has come out in full opposition of the move by the Marley family. Having been intimately involved with the move to alter the island’s laws surrounding the issue, Wailer says the new deal not only has serious implications for future efforts by the country to capitalise on the economic benefits surrounding the legalisation of marijuana, but also highlights the selfishness of the Marley estate. Giving his view on the widely popular argument that Bob Marley doesn’t deserve to be the face of the world’s first global cannabis brand, Wailer agreed.

Spotlight on Selfishness

“The people are correct,” he said, pointing out that the issue of a global cannabis brand should incorporate The Wailers on a whole.

“The ganja issue can only be dealt with as The Wailers collectively, and what the Marley estate has done since Robert Marley’s death is to wipe away the collective works, catalogue, image and rights of The Wailers from public existence.” He expressed that that kind of set-up has only allowed one member of the Wailers to benefit from the group’s legacy.

“The Marley Natural brand deal has now spotlighted their (the Marley family) selfish behaviour.”

Read more

Strengthening Ja’s fiscal performance

A KEY element of the International Monetary Fund (IMF) agreement is that Jamaica manipulates fiscal policy (government spending and tax receipts) to maintain a primary balance of 7.5 per cent of gross domestic product (GDP).

This year, Government’s revenue targets for the first three quarters are $7.4 billion less than projected. This shortfall is problematic since within the IMF agreement, there is a clause that Jamaica can cut spending to meet this primary surplus if revenues fall off target. Read more

Economic “Clusters” in Jamaica?

By the Caribbean Journal staff

It may be time to create economic “cliusters” to spur growth in Jamaica, according to Densil Williams, Professor of International Business and Executive Director of the Mona School of Business Management at the University of the West Indies.

Williams, who was addressing the Western Jamaica Economic Forum this week, said creating such clusters would bring “immense benefits to the business sector and ultimately the country.”

“Those of us who follow the development debates and see where economic developments are going, what we would have recognized is that the developmental trajectory has moved from this broad based broad brush approach and what they are now focusing on are what they call economic zones,” he said. “These zones are helping countries to become more vibrant players in the wider global sphere.”

A start would be by creating a “proper transportation link” between Jamaica’s two economic centres, Kingston and Montego Bay, where 70 percent of the country’s population lives. Read more

Pre-Christmas pressure on JMD less than expected

McPherse Thompson, Assistant Editor – Business for the Gleaner

Despite the continued depreciation of the Jamaican dollar over the past months, Bank of Jamaica (BOJ) Governor Brian Wynter said the usual seasonal pressure anticipated at this time of the year is less than expected.

“I think all observers anticipate some pick-up in pressure coming in the pre-Christmas season,” he said.

“Interestingly, the kind of pressure people expected didn’t happen when people thought it would, and that some may be happening now looks like a sort of muted and late response to what we all thought would happen,” Wynter said.

The Jamaican dollar traded at $113.59 to the US dollar on Monday, $0.85 above the $112.74 recorded when the central bank intervened in the market in July of this year.

Read more