The Zimbabwe Investment and Development Agency (ZIDA) has issued 57 cannabis cultivation licenses, according to a Bloomberg report.
“We have licensed 57 investors for medicinal cannabis production from Germany, Switzerland, Canada and as well some local players,” the agency told the news outlet. “Companies have been licensed for cultivation and processing of medicinal cannabis and they own 100% of their investment.”
ZIDA indicated that cannabis production has launched at some of the licensed farms already, according to Bloomberg. The agency is working with the Ministry of Lands and the Medicines Control Authority of Zimbabwe to ensure quality in seed imports.
Zimbabwe legalized medical cannabis in 2018, and the Treasury forecasts that cannabis sales will reach $1.25 billion this year, Bloomberg reported.
