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Ghana’s Parliament has marked a historic milestone by legalizing cannabis cultivation for medical and industrial purposes. There is a global momentum for embracing the multifaceted benefits of cannabis.
Ghana’s Parliament has marked a historic milestone by legalizing cannabis cultivation for medical and industrial purposes. There is a global momentum for embracing the multifaceted benefits of cannabis.
This ground-breaking decision, taken recently, grants the Interior Minister the authority to issue licenses, ushering in a transformative era in Ghana’s cannabis regulations. Ghana’s commitment to realizing cannabis’s potential was underscored by the passage of the Narcotics Control Commission Act 2020 (Act 1019), says people supporting this move, which is a vogue among some countries including from the continent.
The cannabis industry worldwide is estimated to be worth US$ 30 billion as of 30 billion dollars in global GDP in January 2022. Licensing covers the entire spectrum of cannabis-related activities, including cultivation, processing, distribution, sale, import, and export. The granting of licenses is given only to establishments that conform to the high standards and regulations set.
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Experts claim that if the cannabis industry is properly managed and regulated along the value chain, Ghana’s economic issues may be remedied because cannabis can flourish in every part of the country. The key sector expected to benefit significantly is the employment sector. As Ghana embarks on this transformative journey, the country stands at the forefront of cannabis industry development in Africa; say experts.
