Rwanda is looking to attract at least Rwf19 billion (about $17.5 million) in investment in the production of cannabis, also known as a high-value therapeutic crop, The New Times has learned. The development was recently ranked among the country’s top 100 investment opportunities during the Invest Rwanda Forum held last week.
According to the Rwanda Development Board (RDB), global cannabis production is projected to grow from the current $28.3 billion raked in 2021 to $197.7 billion in 2028 at a compound annual growth rate of 32 percent.
“This represents a significant opportunity that can be further explored by Rwanda,” reads part of RDB’s document. Key products with potential medical cannabis, RDB added, include industrial hemp, edible products as well as cannabis oils.
Two years ago, Rwanda laid out plans to kick-start growing and exporting cannabis and its products.
Read more at newtimes.co.rw