Farmer Anthony S.K Morrison, President of Chamber of Agribusiness Ghana, has called for the legalization of Cannabis Sativa (Marijuana) for cultivation and export as it would generate a lot of foreign exchange for the country.
According to Farmer Anthony, the interception of 5,851 compressed slabs of cannabis worth £29.2 million by the Narcotics Control Board (NACOB) at the Tema Port should give the country a cue that “there is market awaiting Ghana’s marijuana produce”.
From a new report by Grand View Research, Inc., the global legal marijuana market is expected to reach $146.4 billion by end of 2025. If the cultivation of cannabis is legalized and controlled properly, Ghana can make a lot of money from the plant.
The use of cannabis in treating several medical conditions such as cancer, mental disorders, chronic pain and others is expected to propel revenue growth in the near future. Cannabis extracts are almost becoming the miracle ingredients the beautification industry has been waiting for. Many industries in the beauty space have used Cannabis in their products to promote good skin conditions and hair growth.
Research has proven that cannabis is very potent in combating skin ailments like allergic dermatitis, psoriasis, eczema, reducing aging and wrinkles. Cannabis plant extract could be an ingredient more brands can capitalize on, by using it to tackle these and some other problems encountered by their customers.
Farmer Anthony added that “if we are just going to sit down and allow other countries to take over the market before we start making legislation towards it, it will be too late… so let’s (Ghana) strike when the iron is hot”
The changing perception toward cannabis with cultivation geared towards industrial purposes has started gaining attention worldwide due to very high demand among consumers and increasing legalization of recreational or medical marijuana in various countries.
Furthermore, high public and private investment for research and the development of safer forms of ingesting Cannabis such as tinctures, oils, vapes and other edibles are expected to positively reinforce market growth.
Farmer Anthony disclosed that, Ghana can legalize cannabis for scientific and medical use, with an approved license.
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