Parliament in Beirut approved a draft law this week to legalise cannabis for medical and industrial use in Lebanon.
Cannabis has long been farmed illegally in the Bekaa Valley. But with the Lebanese economy struggling, the Lebanese government hopes to turn it into a huge, multi-billion dollar trade.
And. according to this United Nations report, the country is the third-largest supplier after Morocco and Afghanistan. So it’s perhaps no surprise that Lebanon has agreed to legalise cannabis.
The new law, which was passed on Tuesday, will look to regulate the existing growing and production of the plant for medicine and business.
Cannabis is big business
Everyone from Coca-Cola to Snoop Dogg (obvs) and Budweiser have looked to move into the cannabis industry.
The Lebanese government will be looking to grow the agro-industry for cannabis. Cannabis has a wide variety of uses. From pharmaceutical products, and wellness products to textiles, there are dozens of ways you can monetize the production of cannabis.
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