GOVERNMENT yesterday announced guidelines for the production and processing of medicinal cannabis.
The southern African nation’s laws only allow for
cultivation of cannabis for medicinal and scientific uses.
Zimbabweans were allowed to apply for licences to grow
cannabis for medicinal and research purposes since April 2018 but the process
to put in place laws to regulate the enterprises has been slow.
In a joint statement, the Zimbabwe Investment and
Development Agency (Zida), the Medicines Control Authority of Zimbabwe (MCAZ)
and the Cannabis Industry Association of Zimbabwe (CIAZ) said investment in
cannabis production would be overseen by Zida’s One-Stop Investment Services
Centre (OSICS.)
“The government is pleased to announce a set of policies
and operational mechanisms for investment into the production and processing of
medicinal cannabis. The operational framework will be administered through
OSICS,” the joint statement read in part.
Zida chief executive Douglas Munatsi said the development
was a strong indication that the country was positioning itself to be one of
the leading players in the industry.
“This is the country’s strong statement of intent to
nurture and grow this industry and become one of the leading players in
medicinal cannabis production, fully optimising the inherent comparative
advantage Zimbabwe has in the form of skills, climate and agricultural
expertise,” Munatsi said.
Under the arrangement, investors can have 100% ownership of
their investments and locate their facilities anywhere in the country without
prescription.
The government, the statement said, has finalised and
agreed on a legal instrument called the investment stability agreement giving
investors added security.
An inter-ministerial committee has also been set up to give
effect to the investment ecosystem of medicinal cannabis growth and production
in Zimbabwe. Newsday
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