According to the Lusaka Times, Zambia’s cabinet approved cultivation, processing and exporting of cannabis for economic and medicinal purposes.
Confirming the news, Chief government spokesperson Dora Siliya said that cabinet directs the Ministry of Health to provide overall leadership. Furthermore, the health ministry will coordinate the issuance of licences to firms for cultivation, processing, and export of cannabis for medicinal purposes.
The Ministerial Technical Committee comprises of Ministers of Justice, Defence, Home Affairs, Finance, National Development Planning, Commerce, Trade and Industry, Agriculture and Health.
Zambia joins three other African countries that have legalized or decriminalized marijuana. South Africa and Zimbabwe legalised marijuana in 2018 and Lesotho in 2017.
According to the African Cannabis Report, Africa’s legal cannabis industry could be worth more than $7.1 billion annually by 2023 if legislation is introduced in some of the continent’s major markets.
Companies wishing to trade in Marijuana in Zambia will be charged $250,000 annual licence fees.