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Big money making in illegal marijuana industry, low grade ‘babbit’ prices astronomical in TCI

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#TurksandCaicos – January 17, 2018 – Providenciales – Selling ‘weed’ in the Turks and Caicos is an illegal but lucrative business as prices for a gram of marijuana in the TCI, far surpass many nations in the region including Jamaica, Mexico and Colombia.   It seems that like most things in the Turks and  Caicos, ‘weed’ just costs more; significantly more.

TCI Police on Monday in Five Cays made a significant drug bust where some 15 pounds of marijuana was seized and two men – a Bahamian and an American – were arrested.  The street value of the drugs, legally identified as cannabis in this jurisdiction, is a staggering $68,000 for the fifteen pounds.  This equates to $10 per gram or over $4,533 per pound.    Comparatively, the Drug Enforcement Unit of The Bahamas and Drug Enforcement Agency of the United States consistently in 2017 put the street value of marijuana per pound at $1,000 following drug arrests in The Bahamas.  The price per pound of the contraband often accompanied Police reports on drug seizures.

A 2015 news report on the rising cost of marijuana was among the online posts we reviewed to check and double check the going rates for marijuana per gram and per pound around the world.  Price ranges on the marijuana were revealed for six countries, including the United States, Canada, Jamaica, Colombia, Thailand and Mexico and spanned from $600 to $6,000 per pound.  California, in 2015 had the most expensive marijuana price tag per pound, getting up to as much as $6,000.  However, this price is the top value for top of the line ‘weed’.

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In the Turks and Caicos, those familiar with the price of a gram of ‘ganja’ told Magnetic Media that the local weed is low grade, nicknamed, ‘babbit’ and costs between $10 to $30 per gram.  That figure is staggering, and actually is five times more expensive than even the finest quality of marijuana.

“The dope here is garbage mostly, as from what I was told but some pushers do get their hand on good dope sometimes.”

Another said, “…the weed ain’t no high grade or Kush.  Kush is the highest.  (Here) it is low grade and it is called Babbit.  Haitian weed don’t be too expensive, Jamaican and American weed is the killer.”

What Magnetic Media uncovered in under an hour was concerning and it may answer at least a part of the question of why some young men resist getting a regular job in the Turks and Caicos.  If there is that option of peddling marijuana, we can tally up pretty easily that there is far more money to be made, likely in a shorter span of time, though illicitly.

The two men arrested during a stop and search on Monday were not only found to be with the illegal drugs, but were found to have entered the Turks and Caicos illegally.  Perhaps word is already getting out that one gets more bang for the buck in the TCI for mediocre marijuana and the law must be ready.

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“The quantity and the quality is important in any case because depending on the type of weed it is, that tells you what the street value is.  The highest gets to $20 a gram, the lowest is $5 or $10 a gram.”

The explanations to Magnetic Media about the contrasts and street savvy on the illegal trade lends to new ideas about what could be fueling and funding the illegal sloop landings in the Turks and Caicos, for example.  The realities also ramp up the pressure upon leaders from all sectors to do more to discourage illegal behavior among our boys in particular.

It will be difficult though, as we are awakened even further to the fact that one could illegally earn some $22,665 with the sale of marijuana, equating to a 5lbs bag of rice.  This earning reality means that the corner drug dealer is making considerably more than the country’s leaders per month.   On the other hand, the punishment for breaking the law is also weighty; one could spend up to five or 14 years in Turks and Caicos prison for illegal drug possession and drug trafficking.

Photo credit: Westword

 

 

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Bahamas Issues Cybersecurity Alert Over Akira Ransomware Threat

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Nassau, The Bahamas, October 22, 2026 — The National Computer Incident Response Team of The Bahamas (CIRT-BS) has issued a cybersecurity advisory warning businesses, government institutions and other organisations about the growing threat posed by Akira ransomware, a cybercriminal operation capable of stealing sensitive information, disrupting networks and demanding ransom payments.

Active since March 2023, Akira operates through a Ransomware-as-a-Service model, with affiliates exploiting weaknesses in computer networks to gain unauthorised access.

Once inside, attackers can steal confidential data, disable recovery systems and encrypt files, preventing organisations from accessing critical information.

Particularly concerning is Akira’s use of double extortion, threatening to publish stolen information unless victims pay. Some attacks involve data theft without encryption.

The October 22 advisory identifies vulnerabilities involving Cisco and SonicWall firewalls, VPN services, Microsoft Remote Desktop Protocol, Veeam backup systems and outdated Windows and Linux operating systems. VMware ESXi and Nutanix AHV environments are also potential targets.

Attackers may exploit unpatched software, stolen login credentials and inadequately secured remote-access applications, including AnyDesk and RustDesk.

Warning signs include unexpected administrator accounts, unusual remote logins, unauthorised software installations, suspicious backup activity, mass file changes and ransom notes.

CIRT-BS recommends immediate security updates, multifactor authentication, restricted remote access, stronger network monitoring and secure backups maintained separately from operational systems.

Organisations should also remove unnecessary internet exposure of remote desktop services, limit administrative privileges and regularly test backup restoration.

The advisory does not identify any confirmed Akira attack against a Bahamian organisation but highlights vulnerabilities that could expose institutions to serious financial and operational disruption.

Cybersecurity incidents can be reported to CIRT-BS at soc@cirt.bs or through its official website.

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Crown Land Unit Leads Multi-Agency Enforcement Exercise in Five Cays

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Providenciales, Turks and Caicos Islands – Wednesday, 21st October 2026: The Crown Land Unit, with coordination and support from the Informal Settlements Unit (ISU), conducted a multi-agency enforcement exercise in the Five Cays area of Providenciales on October 8, 2026, as part of the Government’s ongoing efforts to address the illegal occupation and unauthorized use of Crown land.

The exercise brought together representatives from the Crown Land Unit, ISU, TCI Border Force and Royal Turks and Caicos Islands Police Force. Inspections were conducted across several parcels of Crown land in Five Cays, where instances of illegal occupation and unauthorized use had been identified.

During the exercise, a total of seven (7) Section 22 Notices of Unauthorized Occupation were issued in accordance with the provisions of the Crown Land Ordinance. The notices related to the unauthorized placement of shipping containers and derelict vehicles, as well as the construction of an incomplete concrete structure on Crown land. Where occupants or other responsible persons were not present, notices were affixed to the relevant structures or items.

The exercise forms part of the Crown Land Unit’s continuing efforts to prevent squatting and encroachment on Crown land and to ensure that instances of unauthorized occupation are identified and appropriately addressed.

The Government of the Turks and Caicos Islands reminds the public that occupying, developing or otherwise using Crown land without lawful authority is an offence under the Crown Land Ordinance. These inspections and enforcement activities form part of a sustained program aimed at safeguarding public lands, discouraging unlawful development and ensuring that Crown land is managed in the best interests of the people of the Turks and Caicos Islands.

The Crown Land Unit will continue to work closely with the ISU and other partner agencies to identify and address instances of illegal occupation across the Islands. Persons occupying Crown land without authorization are encouraged to comply with all notices issued and to seek guidance from the relevant authorities where necessary.

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Invest TCI Strengthens Regional Investment Connections at Caribbean Investment Forum 2026 in Barbados

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Providenciales, Turks and Caicos Islands – Monday, 19th October 2026: Invest Turks and Caicos Agency (Invest TCI) strengthened its regional presence at the Caribbean Investment Forum (CIF) 2026, held October 5 – 7, 2026, in Bridgetown, Barbados, participating as both a sponsor of the Forum and representative of the Turks and Caicos Islands’ investment landscape.

The Caribbean Investment Forum brought together regional and international investors, government representatives, business leaders, entrepreneurs, investment promotion agencies, and development partners to explore investment opportunities, strengthen partnerships, and advance sustainable economic development throughout the Caribbean.

The Agency’s sponsorship of CIF 2026 formed part of its continued commitment to strengthening the visibility of the Turks and Caicos Islands within the regional investment community and building relationships with investors, development partners, investment promotion agencies, and businesses across the Caribbean.

The opening of the Forum was attended by the Honourable Mia Amor Mottley, Prime Minister of Barbados, who emphasised the importance of scaling regional investment, strengthening economic cooperation, and transforming innovative ideas into commercially viable opportunities. Invest TCI was represented by Ms. Alexa Cooper, Domestic Investment Officer, and Mr. Hezron Henry, Marketing Support Officer. Throughout the Forum, the delegation engaged with stakeholders and promoted the Turks and Caicos Islands as a competitive investment destination while exploring opportunities for greater regional collaboration and knowledge exchange.

Speaking on her experience at the Forum, Ms. Alexa Cooper, Chief Domestic Investment Officer, said:

“CIF 2026 provided another valuable opportunity to engage with donor organisations, investors and Investment Promotion Agencies (IPAs) from across the Caribbean. A highlight for me was the introduction of an exclusive masterclass for fund managers, investors and support organisations, which offered practical insights into unlocking capital, strengthening investment ecosystems and supporting investment-ready businesses. I was equally impressed with the quality of projects pitched, which showcased the region’s innovation and investment potential. It was encouraging to see projects presented with a clearer understanding of investor expectations, reinforcing the importance of not simply developing projects, but ensuring they are well-structured, investment-ready and positioned to attract the right investment partners.”

Accompanying the Invest TCI delegation was Mr. Sean Penn, Chief Executive Officer of Sky Poultry Farm Ltd., the first commercial egg and poultry production facility in the Turks and Caicos Islands. Mr. Penn’s participation provided an opportunity to showcase the development of domestic enterprise within the Turks and Caicos Islands while highlighting the potential of agriculture and food production as part of the country’s broader economic diversification efforts.

Through his participation at CIF 2026, Mr. Penn had the opportunity to engage with regional stakeholders, gain exposure to developments within the Caribbean agricultural sector, and explore potential partnerships and opportunities related to agricultural investment, innovation, and enterprise development.

For Invest TCI, the combination of sponsorship, investment promotion and local business representation provided a multifaceted platform to advance the Agency’s mandate. It allowed Invest TCI not only to promote the Turks and Caicos Islands to prospective investors but also to facilitate greater exposure for a local enterprise operating within an emerging sector of the economy. The Forum also provided opportunities for the Invest TCI delegation to exchange knowledge with regional counterparts, strengthen institutional relationships, and gain insight into investment trends and opportunities affecting Caribbean economies.

As the Caribbean Investment Forum continues to expand its regional reach, Santo Domingo, Dominican Republic, was announced as the destination for the next edition of the Forum, providing another opportunity to bring together investors, policymakers, investment promotion agencies and businesses from across the Caribbean and beyond.

Invest TCI looks forward to the continued growth of the Caribbean Investment Forum and the opportunities it creates to deepen regional partnerships, promote investment, and connect Caribbean businesses with new markets and sources of capital. The Agency remains committed to attracting sustainable investment, supporting domestic enterprise, encouraging economic diversification, and developing partnerships that contribute to the long-term economic development of the Turks and Caicos Islands.

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