60 medicinal cannabis licences issued – Zimbabwe Situation zimbabwesituation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zimbabwesituation.com Daily Mail and Mail on Sunday newspapers.
THE medical cannabis industry has received a major boost after approved projects were allowed to retain 100 percent of their export earnings.
The move comes at a time when the country’s investment promotion agency is receiving enquiries from local and external business people interested in projects within the cannabis medical industry.
In a joint press statement, the Zimbabwe Investment and Development Agency (ZIDA), Medicines Control Authority (MCAZ) and the Cannabis Industry Association of Zimbabwe (CIAZ) announced te operational framework will be administered through ZIDA’S one stop investment services centre.
“Investors can have 100% of their investments and locate their facilities anywhere in the country without prescription. This is a significant departure from previous policy which required investors to co-own investments in joint venture with government or government entities and locate investments at state prescribed locations,” read part of the statement.
Cannabis: New drive to remove bottlenecks herald.co.zw - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from herald.co.zw Daily Mail and Mail on Sunday newspapers.