The government of Zimbabwe has granted Ivory Medical the green light to cultivate medicinal cannabis at a prison facility under a partnership involving the Ministry of Health and funded by NSK Holdings, other international investors, and Portuguese technical farming support firm Symtomax.
Experts believe that Zimbabwe could earn as much as US$19 million annually from taxes on cannabis.
Zimbabwe recently started to venture into legalising the growing of medicinal cannabis and is also considering hemp production.
The country’s major cash crops over the years have been tobacco and cotton, with the former being the cash cow and marijuana will soon be added to the list.
More: IOL News
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