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Rwanda positioning itself to become key exporter of medical cannabis

Rwanda aims to position itself as a key player in the culture and export of medical cannabis. With the establishment of a cannabis production facility in the northern district of Musanze, under the direction of King Kong Organics (KKOG) Rwanda, the country is on track to enter the global market for therapeutic products based on cannabis.

Investment in the Cannabis Industry in Rwanda
In 2021, Rwanda legalized the cultivation of medical cannabis for export purposes. The Rwandan subsidiary of KKOG Global, an American company, obtained a five-year license from the Rwanda Development Board (RDB) to grow cannabis for medical purposes, extract it, and export it. KKOG has invested $10 million in machinery, construction of facilities, and importation of cannabis seeds.

KKOG Rwanda's facility is expected to be fully operational by September 2024. The CEO, Rene Joseph, recently announced that the company has completed 70% of the facilities and plans to start production on schedule. The completion of the facility was delayed due to the need to construct a new access road to the site, but once operational, it will significantly contribute to the country's economic growth.

Read the full article on NewsWeed.

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