THERE is no indication when Jamaica could see its first cannabis company registered on the local stock market, but key players in the sector are hopeful it will happen soon.

As global powers equivocate with the classification of the weed, leaders at Jamaica’s Cannabis Licensing Authority (CLA) are keeping their fingers crossed that the tight hold on the plant will be relaxed to allow the medical and commercial industry to grow.

During this week’s Jamaica Observer Monday Exchange the top brass of the CLA pointed to the recent indication by the United States (US) that cannabis could be moved from a Schedule I drug to Schedule III.