Malawi has made a leap towards becoming a significant producer and exporter of pharmaceutical and wellness products from cannabis following the launch of the construction of a $10 million (about K18 billion) processing factory.
United Kingdom-based MMC Laboratories has partnered Export Development Fund (EDF), Malawi Agriculture and Industrial Investment Corporation (Maiic) and Balon Estate to set up the factory that is considered a major boost in the industry.
MMC Laboratories Limited board chairperson Brian Tempest said at the project site in Lilongwe on Tuesday that the factory will produce highest standard cannabis products for global supply.
He said they expect the factory to be ready by the beginning of next year and start processing the already avaialble cannabis stock being produced at Balon Estate, one of the major tobacco producers in the country.
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