Zimbabwe Scraps State Cannabis Ownership Rules to Lure Inves

Zimbabwe Scraps State Cannabis Ownership Rules to Lure Investors


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. Mexico’s 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.
“Investors can have 100% ownership of their investments and locate their facilities anywhere in the country without prescription,” Douglas Munatsi, chief executive officer of the Zimbabwe Investment & Development Agency, said Wednesday in an emailed statement.

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