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Zambia has approved export of cannabis to boost economy

Zambia has legalized the production and export of cannabis for economic and medicinal purposes, the government’s chief spokeswoman said on Monday, becoming the latest country to shift its position on the drug to give its finances a boost.

The approval for the export of cannabis was granted at a special cabinet meeting on Dec. 4, spokeswoman Dora Siliya said in a statement. It was not clear from the statement if the use of cannabis for medicinal purposes in Zambia had been legalized.

The southern African country joins a host of nations that have legalized, or are considering legalizing cannabis to some degree, as attitudes towards the drug slowly change and investments in its medical benefits grow.

Zambia’s motivation is rooted in a hefty fiscal deficit and growing debt burden. Growth in external debt to $10.5 billion at the end of 2018 from $8.74 billion a year earlier has raised fears the country is headed for a debt crisis.

Read more at reuters.com

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