Jamaica is poised to rake in billions as its local medical cannabis industry heats up–at least according to Professor Wayne McLaughlin of the University of the West Indies.

The country holds a massive variation of 98 percent on its cannabis cultivars, and experts think that could be the key to staggering industry profits.

Colorado will forever be the first state in the U.S. to legalize recreational marijuana, but as more states and countries follow suit the possibilities for traveling with bud are blooming.

If you're itching to visit new and exciting destinations but want to do make sure that you can engage in cannabis culture while doing so, take a look through this list of marijuana-friendly travel destinations.

“The shipment marks the first step in positioning Jamaica as the medical marijuana hub for the world,” vendor, Timeless Herbal, said.

A large shipment of cannabis oil leaves Jamaican ports bound for Canada with less than ten days away from the northern nation’s legalization of recreational marijuana.

The Caribbean company, Timeless Herbal Care, is behind the latest shipment, which is said to be Canada’s first ever export consignment medicinal cannabis from Jamaica and will be tested and analyzed by Ottawan health authorities.

Jamaica has made its first shipment of medical marijuana extract oil to Canada.

In making the announcement, Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw, “Jamaica is uniquely positioned to be a global player and we are committed to providing the leadership and resources required for opening the international markets including Canada and Europe for our licensed and regulated Jamaican companies.”

The shipment was authorised through an import permit issued by the Government of Canada through Health Canada for Jamaica and an export permit issued by the Ministry of Health in Jamaica.

FSD Pharma Inc. ("FSD" or the "Company") (CSE: HUGE) (OTC: FSDDF) (FRA: 0K9) is pleased to announce that it intends to launch a strategic partnership into the Jamaican cannabis market as part of its plan to expand internationally.

FSD has signed a Letter of Intent ("LOI") effective September 10, 2018 with JJAMACANN Inc. ("JJAMACANN") to form a joint venture operating as FSD Jamaica ("FSD Jamaica").

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Thirty states already have some form of legal cannabis law. In Canada, recreational cannabis is about to become legal for adult-use coast to coast. While it’s hard to definitively say which countries will follow suit in legalizing cannabis, these five are a safe bet. 

The Jamaica Medical Cannabis Corporation Ltd. (JMCC), a Canadian-Jamaican medical cannabis exporter, signed an agreement to invest USD $2 million over ten years to identify analyze, and preserve Jamaica's indigenous cannabis strains.

JMCC signed an official Memorandum of Agreement with the National Foundation for the Development of Science and Technology (NFDST) on Monday, June 25th, to undertake the project, titled “Identification, Isolation and Conservation of Local Strains of Cannabis for Medicinal Use.” The project is funded through the JMCC’s charitable foundation, 102.

As marijuana business grows globally, many stock watchers and research analysts are making predictions about where the most significant investment opportunities are.

Investment site, The Motley Fool, recently published an analysis by Keith Speights of forecasts for the 2022 marijuana market.

A lot can happen even monthly in the ever-evolving cannabis space. Here is a different analysis of it. 

8. Germany

A Canadian company is entering the Caribbean marijuana market and is counting down to the launch of Hempire Jamaica.

CROP Infrastructure Corp., a publicly listed company on the Canadian and US stock exchange, this week announced it has acquired a 49 percent stake in a 217,000 sq. foot property ideally situated for future cannabis production and extraction in the Westmoreland Parish of Jamaica.

“CROP continues to build its global footprint by securing this strategic joint venture in Jamaica,” said CROP Director & CEO Michael Yorke. “Many countries are now introducing new licensing and legislative regimes for CBD and cannabis and are prime entry points for our growing organization.”