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

April 16, 2023
How Cannabis is Impacting the Global Economy

As more countries legalize cannabis for medical and recreational use, the economic implications are becoming more apparent. The cannabis industry is creating jobs, generating tax revenue, and stimulating economic growth. Additionally, the cannabis industry is creating new opportunities for investment, research, and innovation. This article will explore how cannabis is impacting the global economy and […]

Read More
November 22, 2018
States Where Weed Is Legal In 2018

In the world where there’s a lot of changes going on, the same applies to the perception of marijuana amongst the people. Many are frustrated and feed up with the laws that prohibit cannabis utilization in either medical or recreational use. A recent poll showed that 62% of Americans supported legalization of marijuana. And of […]

Read More
April 16, 2023
How Legalization is Affecting Cannabis Distribution

The legalization of cannabis has had a major impact on the way it is distributed. With the legalization of cannabis, the industry has seen a dramatic shift in the way it is produced, sold, and consumed. This shift has had a positive effect on the industry, as it has opened up new opportunities for businesses […]

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

Leave a Reply

Tweet
Share
Share
Pin