Zimbabwe Industrial Hemp Trust (ZIHT) founder and chief executive officer Zorodzai Maroveke says cannabis returns can only be determined after a cost analysis because many licensees underestimated the expense of growing the green leaf.
In an effort to capitalize on the economic opportunity created by the widespread legalization of the green plant in Western nations for medicinal and occasionally recreational uses, the Zimbabwean government legalized the farming of cannabis in 2018 for export and medical purposes.
Since then, the nation has had more than 60 licensed cannabis cultivators, according to the Zimbabwe Investment and Development Agency.
However, of that number, there are less than 15 active cannabis farmers owing to the delay in implementing conducive policies to grow the plant and a miscalculation by aspiring growers of the costs involved.
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