The Zimbabwe Investment Development Agency (ZIDA) has called upon investors to inject funds in medicinal cannabis for the sector’s growth and sustainability.
ZIDA has so far issued 57 cannabis cultivation licenses, which include financiers from Germany, Switzerland, Canada, and as well some local players to cultivate and process medicinal cannabis.
Investors own 100% of their projects. ZIDA Chief Development Officer Silibaziso Chizwina said investors should consider investing in medicinal cannabis.
“Zimbabwe boasts of fertile soils for agriculture. Our investors should consider doing medicinal cannabis when they go into agriculture. This is strictly medicinal cannabis and not for any other use,” she said.
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