“We are very happy that finally we're taking the right steps to move the country's economy forwards.”
They follow Lesotho, which became the first country in the region to legalise cannabis, for medicinal purposes, in 2017, and Zimbabwe. SA has decriminalised domestic personal use, and is in the process of lifting a ban on commercial cultivation of the plant.
“We are very happy that finally we're taking the right steps to move the country's economy forwards,” Chauncy Jere, a director of Ikaros Africa, one of the two companies conducting industrial hemp trials in Central Malawi, told Reuters. “There's no denying that cannabis would be a lucrative industry and its demand is huge,” said Jere, who is spokesperson for the Hemp Association of Malawi.
Tobacco, a drug scientists say is far more addictive and ruinous to health than cannabis, has been Malawi's chief foreign currency earner since independence from Britain in 1964.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malawi legalises cannabis for medicine and industrial fibres - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Malawi has become the latest country in southern African to relax laws against growing and selling cannabis, making it legal for use in the production of medicines and hemp fibres used in industry.%
Read more »
Malawi legalises cannabis for medicine and industrial fibres - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%Malawi has become the latest country in southern African to relax laws against growing and selling cannabis, making it legal for use in the production of medicines and hemp fibres used in industry.%
Read more »
Zimbabwe risks 'deep humanitarian' crisis, IMF warnsZimbabwe's economy has been in a slump for more than a decade, with chronic shortages of cash, fuel, medicines, and food.
Read more »
US stocks drop more than 4%, extending rout amid virus fearsThe Dow Jones Industrial Average plunged nearly 1,200 points or 4.4%, to finish at 25,766.64, its worst session in more than two years
Read more »
Zimbabwe risks 'deep humanitarian' crisis, IMF warnsZimbabwe's economy has been in a slump for more than a decade, with chronic shortages of cash, fuel, medicines and food, and shops are now even running out of cornmeal, a main source of nourishment.
Read more »
Working with 4IR will help SA regain its economic smartsSouth Africans spout the term fourth industrial revolution liberally, yet we have not begun to comprehend the new world order that is evolving. Every leader & organisation should familiarise themselves with all there is to know about 4IR, writes Dudu Msomi
Read more »