Zimbabwe Scraps State Cannabis Ownership Rules to Lure Investors
- Nation sees export earnings from cannabis outstripping tobacco
- Investment agreement to give more assurance on property rights
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Zimbabwe abolished a rule which requires co-ownership between government and private investors in the cultivation of cannabis for medicinal use, seeking to encourage what the country sees becoming the biggest cash crop.
“Investors can have 100% ownership of their investments and locate their facilities anywhere in the country without prescription,” Douglas Munatsi, chief executive officer of the Zimbabwe Investment & Development Agency, said Wednesday in an emailed statement.