Lebanese on their way to legalization

Updated: May 6, 2020

The Lebanese parliament last month legalized the cultivation of hemp for medical purposes, a potentially lucrative export product in an economy that urgently needs foreign exchange as it struggles with a severe financial crisis.

Although cannabis cultivation is illegal in Lebanon, it has been openly cultivated in the fertile Bekaa Valley for a long time - without fear of the police.

Parliament's decision was "driven by economic motives, nothing else," said Alain Aoun, a senior advocate for the Freedom Movement.

"There is a need to help the economy in any way," he told Reuters last month.

The move would bring revenue to the state and develop the agricultural sector, while legalizing farming that is in any case illegal, Aoun says.

"We don't want to guess the numbers …"

Hezbollah, a Shiite Islamist group backed by Iran, was the only party to oppose the new law approved at last month's session.

The idea of ​​legalizing the cultivation of cannabis with the aim of producing drugs based on cannabinoids, and in particular THC, was explored in the analysis of the consulting company McKinsey, which was commissioned in 2018 by the Lebanese government.

Following the release of a new law last month, Lebanese police carried out the largest seizure of cannabis - they seized about 25 tonnes of hashish that was to be smuggled south to some of the African countries.

Join us

Join our insiders club for monthly motivation, news and presales. We are not going to spam your email box. We are going to send one or two emails per month. We promise they will be valuable.

You may also like

May 10, 2018
Why Should We Legalize It?

"Legalize it," a phrase probably everyone has already heard of. Especially, in connection with cannabis. And no matter if you watch cannabis news or not, we're certain that you're aware there are a lot of debates currently going on, discussing whether we should legalize it or not. That's the reason why High Thoughts team took […]

Read More
April 15, 2023
Examining the Benefits of Cannabis Tax Revenue

The legalization of cannabis has been a hot topic of debate in recent years, with many countries and states around the world legalizing the drug for recreational and medicinal use. One of the most compelling arguments for legalization is the potential for cannabis tax revenue. This revenue can be used to fund public services, such […]

Read More
December 13, 2018
Will Marlboro Weed Cigarettes Soon Flood The Market?

Altria, the company that makes Marlboro cigarettes jumped into the cannabis market on December 7th. They invested $1.8 billion in the Canadian cannabis firm Cronos. This also made them almost half owner of the company, with 45% ownership stake. Win-Win For Both Sides Since the sale of classic cigarettes slows down, Altria will have only […]

Read More
April 16, 2023
Exploring the Role of Women in the Cannabis Industry

Women are taking on leadership roles, launching businesses, and advocating for the industry. This article will explore the role of women in the cannabis industry, from entrepreneurs to activists, and the impact they are having on the industry. We will look at the challenges they face, the successes they have achieved, and the potential for […]

Read More

Leave a Reply

Tweet
Share
Share
Pin