Zimbabwe eyes US$272 billion global cannabis market

Zimbabwe eyes US$272 billion global cannabis market

ZIMBABWE’S favourable climate conditions for the cultivation of high-quality medicinal and recreational cannabis coupled with appropriate regulations and robust marketing strategies have the potential to boost the economy.

The country’s optimal growing environment can produce cannabis that meets international standards, creating significant export opportunities and attracting investment. By leveraging these advantages, Zimbabwe could see job creation, increased revenue, and overall economic development.
The country became one of the first in Africa to legalise the production of medicinal cannabis in 2018.

The global cannabis industry could be worth US$272 billion by 2028, and Zimbabwe is eyeing at least US$1 billion of that.

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