Following the legalization of cannabis in Zimbabwe, the government has granted approval for all local and foreign cannabis investors to fully own farms and licenses. The decision, which comes after a high-level meeting by the cabinet, is meant to improve competitiveness.
In 2018, Zimbabwe approved the production of marijuana for solely medicinal and scientific purposes after plenty of deliberation, thus becoming the second African country to legalize its use after Lesotho.
Last year, the government announced that 37 local and private investors had shown interest in cannabis farming, in addition to more than 150 foreign and local investors who had indicated interest.
“Following Cabinet’s decision and high-level meeting, a policy change enabling investors to hold 100 percent ownership of Medical Cannabis licenses were made in order to improve the competitiveness of the sector both regionally and globally,” Health Minister Obadiah Moyo said.
Part of the agreement at the meeting was that investors had the…