RSS Marijuana Investing News
  • Marijuana News Is Moving December 19, 2018
    News content on Marijuana.com is being reborn as Weedmaps News at news.weedmaps.com. While our URL has changed, you can still find breaking news, political coverage, science explainers, and deep dives into the culture of cannabis. The Marijuana.com archives remain available, with the exception of recent selections that have transferred to Weedmaps News. While Marijuana.com won’t […]
    Nicolas Juarez
  • Rights Groups, Unions Call for Ending Marijuana Prohibition December 14, 2018
    A coalition of major civil rights organizations, labor unions and other groups is calling on Congress to completely remove marijuana from the Controlled Substances Act and divert revenue to communities that have been harmed by the enforcement of cannabis prohibition.   “Pass legislation de-scheduling marijuana with racial equity and justice reform components,” reads one recommendation […]
    Marijuana Moment
  • How Trump Government Shutdown Threat Could Affect Marijuana December 13, 2018
    President Donald Trump is threatening to shut down the government if Democrats refuse billions of dollars in funding for a border wall — but the consequences of that action would extend far beyond border security. WASHINGTON (AP) — Trump threatens gov't shutdown in heated meeting with Dem leaders over border wall, squabbling over election results. […]
    Marijuana Moment
  • Elon Musk Confesses: ‘I Have No Idea How To Smoke Pot’ December 12, 2018
    Elon Musk got himself into a bit of trouble after smoking marijuana during an appearance on Joe Rogan’s podcast in September 2018. The move reportedly led to NASA launching an investigation into his company SpaceX’s “workplace safety” and “adherence to a drug-free environment.” But now, in a new interview 60 Minutes, the Tesla founder indicated […]
    Marijuana Moment
  • Cannabis May Qualify for Study Grants as ‘Natural Product’ December 11, 2018
    Federally funded research into marijuana seems to be escalating, with one government agency recently posting a roundup of current “cannabinoid-related funding opportunities” for studies investigating the plant’s therapeutic potential. The National Center for Complementary and Integrative Health (NCCIH) on Dec. 8, 2018, shared a list of four research grant opportunities for studies on “natural products” […]
    Marijuana Moment
  • Surgeon General: Schedule I Hinders Researching Marijuana December 7, 2018
    U.S. Surgeon General Jerome Adams said the federal government should rethink how it classifies drugs like marijuana Dec. 6, 2018, voicing concern that the plant’s current status as a strictly controlled Schedule I substance inhibits research. Adams, who’s previously expressed interest in expanding research into the use of cannabinoids for therapeutic purposes, made the comment […]
    Marijuana Moment
  • Colorado County Considers Canceling Cannabis Convictions December 6, 2018
    BOULDER, Colo. (AP) — Prosecutors in a Colorado county are preparing to dismiss and seal thousands of marijuana possession convictions after state voters legalized the use and sale of cannabis in 2012. The Boulder Daily Camera reported that the Boulder County District Attorney’s Office as part of a “Moving on from Marijuana” program has identified […]
    Associated Press
  • GOP House Leader Calling for Legal Marijuana in Rhode Island December 5, 2018
    The Republican leader in Rhode Island’s House of Representatives thinks the state should fully legalize marijuana. But while that news would typically bode well for reform efforts in state legislatures, the problem is that the Democratic speaker isn’t quite on board — and the House is dominantly controlled by Democrats. In an interview with Rhode […]
    Marijuana Moment
  • ‘Compromise’ Medical Marijuana Bill is Made Into Law in Utah December 4, 2018
    Utah lawmakers approved a controversial medical marijuana bill in a special session Dec. 3, 2018. There’s your final vote on the medical marijuana “compromise.” #utpol pic.twitter.com/w9Ip3KQE8E — Robert Gehrke (@RobertGehrke) December 3, 2018 During the Nov. 6, 2018, election, Utah voters passed a separate medical cannabis initiative, Proposition 2, that would allow patients with certain […]
    Marijuana Moment
  • Study: Vaporizing Flower Produces A More Intense High Than Traditional Smoking Methods December 4, 2018
    Vaping marijuana flower gets you higher than smoking it, according to a new study published in an American Medical Association journal. To test the difference, researchers started by recruiting 17 people who’d consumed cannabis in the past year but had abstained for at least one month. Each individual participated in six sessions that lasted 8 1/2 […]
    Marijuana Moment
mentor36 March 13, 2019

A Zimbabwe company says it received approval for its cannabis license, which will make it the first in the country to be permitted to commercially produce medical marijuana nearly a year after the country legalized cultivation for medicinal and scientific purposes.

Precision Cannabis Therapeutics Zimbabwe was approved for the license March 7, pending payment of a hefty $46,000 fee.

A copy of the letter from the Ministry of Health confirming the approval of Precision’s application for a license to produce medical cannabis was shared with Marijuana Business Daily.

Read the letter here.

In February, local media reported that the government was working on licensing 37 companies, but none had cleared the final hurdle.

“The government of Zimbabwe is open for business and welcomes investors in all sectors of the economy, including licensing for the production of medical cannabis,” said Nathan Emery, COO of Precision Cannabis Therapeutics Zimbabwe.

Precision Cannabis Therapeutics Zimbabwe is located on a 110-hectacre farm (272 acres) about 45 minutes from Harare. The company said it possesses water rights to a large agriculture dam to service the area’s farmers.

Zimbabwe hit pause on its medical cannabis program last June, just one month after its enactment.

However, the country’s medical cannabis framework cleared the way for an export industry.

The law also allows for licensed producers in Zimbabwe to mail medical cannabis to “authorized” patients – the same as Canada’s model – but the regulations do not establish how patients could become authorized to receive such shipments.

Follow-up regulations were introduced in September, and they designated a port of entry or exit for shipments of medical marijuana.

Read the amended regulations here.

The arrest last summer of the country’s former health minister, David Parirenyatwa, on corruption allegations also delayed the implementation of the medical marijuana rules.

The allegations are unrelated to the cannabis law.

Zimbabwe was the second country in Africa to enact detailed regulations for medical cannabis businesses.

After a company in Lesotho sent the first-ever shipment of medical cannabis from Africa to Canada one year ago, multinational companies have ponied up tens of millions of dollars to get a piece of Africa’s burgeoning MMJ market.

Precision Cannabis’ Emery said Zimbabwe has a comparative advantage over other countries in the region, including established “large, functioning, commercial farms with access to abundant water for agriculture purposes and a mild climate, year around, for the most cost-effective production of medical cannabis.”

Highlights of Zimbabwe’s previously enacted MMJ law:

  • Regulated products include dried marijuana, fresh cannabis, oil, plants, capitals and seeds.
  • Licensed producers would mail the medical cannabis to “authorized” patients.
  • Cultivation and processing standards will be higher than in Canada.
  • All advertising concerning marijuana is banned.
  • A cultivation license will cost $50,000, about 50 times higher than the country’s per capita income.

Matt Lamers can be reached at [email protected]

To sign up for our weekly international cannabis business newsletter, click here.

© 2018 Highline Media Group