usine canna med Zimbabwe comp

Zimbabwe's president inaugurates $27m cannabis cultivation site

Like many of its African neighbours, Zimbabwe is one of the countries that have opted to legalise medical cannabis. While nothing concrete has happened so far, President Emmerson Mnangagwa launched a medical cannabis processing plant in Mount Hampden, Mashonaland West province, on Wednesday 11 May. The plant was set up by Swiss Bioceuticals Limited at a total cost of $27 million.

A significant value addition to the country's culture

The processing plant has been set up to produce cannabis for medical and scientific purposes. Among other things, the plant will produce cannabis oil for use in the treatment of serious diseases such as cancer. It will rely on a small 5-hectare greenhouse farm for its supply, with plans to expand to 50 hectares by the end of 2023.

A new lease of life for the cannabis industry in Zimbabwe

Zimbabwe became the second country to legalise cannabis for medical and research purposes in April 2018. However, only 15 of the 57 licences granted by the country's National Investment and Development Agency (ZIDA) have actually been used on the ground.

According to the country's leader: "This investment by the company is a testimony to the success of the government's engagement policy. It also illustrates the confidence that Swiss companies have in our economy and their willingness to continue operating in the country.

Zimbabwe is confident that investors will follow the company's lead. Now open for business, the country is ready to generate foreign exchange. After a long wait and many requests, the industry is finally starting to take off...

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