Stakeholders Concerned With US$ 250,000 Annual License Fee That Firms Will Have To Pay To Trade In Marijuana

Penjani Banda

 

Green Party Leader Peter Sinkamba, who advocated for legalizing the growing of Marijuana for medicinal and commercial use has welcomed government’s stance to finally approve the proposal to legalize Marijuana.

The Zambian government has finally approved a proposal to legalize the production of marijuana but will however be restricted to exports and for medical purposes only.

However, Mr. Sinkamba notes with concern the US$250,000 annual license fee that companies wishing to trade in Marijuana will be charged saying this will be a hindrance because it is too high and is likely to benefit foreign investors.

And Mr. Sinkamba says this move will see the country diversify in growing high value crops which he says will not only boost the agricultural sector but also the dwindling economy.

And agriculturalist, Frank Kayula feels the US$ 250,000 license fee is very restrictive especially for small scale farmers who might want to venture into marijuana production.

Meanwhile, a section of society talked to fear the proposal to legalize the production of Marijuana in Zambia will have consequences as people will have advantage and abuse it while others have welcomed the development.

 

PHOENIX FM NEWS

The post Stakeholders Concerned With US$ 250,000 Annual License Fee That Firms Will Have To Pay To Trade In Marijuana appeared first on Phoenix FM.

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