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USD 400 million in proceeds after the legalisation of cannabis 

20-8-2018

Al Diyar newspaper wrote today that the State will not send security forces to destroy the plantations dispersed in the Beqaa, Hermel highlands and the middle areas of Dinneyeh and Minyeh in Akkar. According to an expert on the cultivation of marijuana, the proceeds from the crop after converting it to cannabis oil to be used for medicinal uses and in the pharmaceutical sector are estimated at around USD 400 million at an early stage and at USD one billion later. On the other hand, the newspaper reported a campaign in Tripoli strongly opposing the legalization of hashish under the title, ‘No to Marijuana’, for many reasons, notably the dangers and risks of the timing, especially when the northern capital has been seeing an unprecedented spread of drug abuse among its unemployed youth. Meanwhile, the chair of the Regie, Nassif Siqlawi, sponsored last Thursday the opening of a Regie public hall in the Akkari town of Haisa at an invitation from its municipality. This hall, Siqlawi boasted, is a bridge to the future of town residents as it provides a space for culture, social activities, women empowerment, training and development. It is simply the physical direct translation of the sustainable development strategy kicked off by the Regie and which achieved 170 projects to date in the municipalities of the North, South, Beqaa and Akkar. (An Nahar, Al Diyar, August 17, 20, 2018)


Previous related news:
Cannabis legalization: Concerns in Beqaa over licensing and profit distribution
Regie to manage administration, export of cannabis
Three development projects by Regie in Baalbaq
 

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