Guidelines For Medical Cannabis

Government has announced guidelines for processing medicinal Cannabis, reporting a set of policies and operational mechanisms for investment.  

Permanent Secretary In the Ministry Of Information Mr, Nick Mangwana posted on his twitter handle that Investors can now have 100 percent ownership of their investments.

”Investors can have 100 percent ownership of their investments and locate their facilities anywhere in the country without prescription. A significant departure from previous policy which required investors to co-own investments in joint venture with Government.” The post reads.

It has been reported that the operational framework will be administered through the Zimbabwe Investment and Development Agency (ZIDA)’s One Stop Investment Services Centre (OSICS).

According to ZIDA, the export retention regime is differentiated as follows: status unprocessed (two years); semi-processed (three years), and fully processed (four years). Analysts expects the global medical cannabis market to grow at a compound annual growth rate (CAGR) of 15,3 percent between 2021 and 2026.