There could be 300 to 400 new millionaires in The Bahamas within the next decade if cannabis is legalized, according to at least one of the members of the government appointed Bahamas National Commission on Marijuana, which is expected to present its report to Cabinet for or against legalized cannabis by the end of August.

However, Elliot Hepburn-Marshall, who is the president of Bahama Cann and chief executive officer of Oakland, California-based Proper Rx Collective, said the main issue for members of the public, who have been voicing their concerns regarding the legalization of cannabis at recent town hall meetings, is whether they will have a stake in a cannabis industry.

“We don’t own any industries so the fear is right. I’ve had the fear. When I started pushing this with the government, I actually started to a little with the PLP government, and my fear was that it will go the way the hotels and every other industry has gone,” he said in an interview with Guardian Business.

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