Zimbabwe Scraps State Cannabis Ownership Rules to Lure Investors
Ray Ndlovu, Bloomberg News
Cannabis plants growth at a Cannativa AC research lab in Mexico City, Mexico, on Friday, April 9, 2021. Mexicoâs proposal to legalize cannabis has hit a snag in the Senate, where a revised version of the bill is under consideration. Photographer: Mauricio Palos/Bloomberg
, Bloomberg
(Bloomberg) -- Zimbabwe abolished a rule which requires co-ownership between government and private investors in the cultivation of cannabis for medicinal use, seeking to encourage what the country sees becoming the biggest cash crop.
âInvestors can have 100% ownership of their investments and locate their facilities anywhere in the country without prescription,â Douglas Munatsi, chief executive officer of the Zimbabwe Investment & Development Agency, said Wednesday in an emailed statement.