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Zimbabwe grants full farm ownership to cannabis investors

Christian Fernsby ▼ | May 28, 2020
Following the legalization of cannabis in Zimbabwe, the government has granted approval for all local and foreign cannabis investors to fully own farms and licenses.
Obadiah Moyo
Minister   Obadiah Moyo
The decision, which comes after a high-level meeting by the cabinet, is meant to improve competitiveness.

Topics: Zimbabwe farm cannabis

“Following Cabinet’s decision and high-level meeting, a policy change enabling investors to hold 100 percent ownership of Medical Cannabis licenses were made in order to improve the competitiveness of the sector both regionally and globally,” Health Minister Obadiah Moyo said.

Part of the agreement at the meeting was that investors had the option to utilize private land for cannabis project.

An investor for cannabis farming will be issued with a five-year renewal license. According to Moyo, amendment of the license would be required.

Prior to its legalization, production and possession of the plant were illegal and attracted a sentence of up to 12 years. With the recreational use or possession of the drug still illegal, the new approval calls for a proper and detailed study, experts say.

The need for assessment is not only because of the economic gains available to Zimbabwe, but also major concerns such as moral and religious reasons, drug abuse and trafficking. Mental Health Manager, Eneti Siyame notes that the main challenge in addressing the abuse of drugs in Zimbabwe was due to the easy access to the same drug, especially after rehabilitation.


 

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