Today the PM also noted the concerns that many have brought up about correspondent banking. He explained that - should the referendum vote be a yes - marijuana will not be legalized until all of those issues are sorted out.

Hon. John Briceno, Prime Minister
"We did present a paper to Cabinet to say that the banking is still a bit concerned and asking us not to proceed until those banking issues have been addressed. So we have agreed to that. We have already agreed that this law will not be enacted until we have found a way of how we're going to address the corresponding banking concerns that the banks have. So, that was not going to go into place immediately, but what is ironic is that the UDP, when they decriminalized marijuana, what they also did was legalize the cultivation of hemp, and as you know hemp is a controlled substance in the United States. So we already have that problem that if these growers of hemp would grow in such large scale that now they would be able to export, it also could potentially cause problems. So we need to do everything possible, and I want to assure the Belizean people, that even if we get the "yes" vote, we are not going to implement this legislation until we have managed to address a way where this industry will not affect the corresponding banking relationships that we have."

"I want to assure the Belizean people that we are not going to risk the corresponding banking relations that our banks have and that whenever we enact it, it will either be, A) that we have already address those issues or B) that it is not going to contaminate the funds or the revenues that banks have when they are doing their banking transactions with international banks."

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