This article by Franca Quarneti was originally published on El Planteo, and appears here with permission.
Morocco: the upper house of Parliament approved a bill to legalize the cultivation and commercialization of cannabis for medicinal and industrial uses.
With 41 votes in favor and 11 against, the upper house approved the bill, less than two weeks after the initiative was voted in the lower house.
However, the Moroccan Minister of the Interior, Abdeluafi Laftit, recalled that "the illegal use and consumption of marijuana is still prohibited in the country."
During the session, Laftit stated that the project "seeks to open development opportunities" in cannabis cultivation areas in the African country, one of the largest cannabis producers worldwide.
In addition, the minister pointed to a "greater openness in the international community about this drug" and stressed that "the illicit cultivation of cannabis has had catastrophic effects on health and the environment."
A report by the Moroccan Ministry of the Interior revealed that more than 400,000 people make a living from cannabis production in the country.
Encuentra nuestro contenido en Español en El Planteo:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.