Azizi said his organisation will use the smallholder farming business model to produce the industrial hemp in order to help empower local farmers through value addition within localised value chains. The passing of the Cannabis Regulation Bill led to the establishment of the Cannabis Regulatory Authority (CRA) which will be responsible for licensing and regulating medicinal and industrial hemp programmes in the country. Aziz was speaking in Blantyre when he unveiled a $15,000,000 (Fifteen million dollars) package to invest in the production of industrial grade hemp in the country in partnership with Lester International from the United Kingdom. All licensees will be required to comply with security measures regarding cultivation, processing, storage and distribution of the product. The CRA will also grant licences to cultivate process, store, sell, export and distribute the product as well as conduct scientific research programmes.
All Africa.com are reporting…..the following
Malawian businessman and agriculture investor, Ibraham Aziz, says the Industrial Hemp industry has the potential to turn around the economic fortunes of the country within the next foreseeable future if substantial investment is made to cultivate the crop and produce for the export market.
Aziz was speaking in Blantyre when he unveiled a $15,000,000 (Fifteen million dollars) package to invest in the production of industrial grade hemp in the country in partnership with Lester International from the United Kingdom.
He said the raging anti-smoking campaign around the world,...
Read the full article @ Cannabis Law Report