Sri Lanka Cabinet approves cannabis cultivation for Export
Posted on February 5th, 2024

Courtesy Hiru News

The Sri Lankan cabinet has granted approval for the cultivation of cannabis for export purposes, marking a significant move towards harnessing the economic potential of the plant.

The cabinet paper, presented by Diana Gamage, Minister of State for Tourism, received favorable responses, with the minister expressing her satisfaction with the decision.

The cultivation of cannabis is expected to open up new avenues for economic growth, and the government plans to attract foreign investors for this venture.

The Sri Lanka Board of Investment will play a crucial role in inviting and facilitating foreign investments in cannabis cultivation and exploring diverse opportunities for economic development.

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