Lebanon legalizes cannabis cultivation in an Arab world first…
We’ve witnessed a first in the Arab world.
Lebanon has voted to legalize cannabis cultivation for medicinal and industrial purposes, including medical export, CBD production, and for other products, like hemp fabrics.
Until now, cannabis was strictly illegal in Lebanon, but sentiment began to shift after New York-based consulting firm McKinsey & Company released a study that highlighted how legalization could be a major force in revitalizing Lebanon’s economy, which has suffered from extensive debt.
And there’s good reason to believe legalization will work, too.
Lebanon Grows Great Pot
Lebanon’s Bekaa Valley is most revered for its world-class wine, pine forests, and ancient ruins.
But unbeknownst to many, the region is also perfect for growing marijuana. Farmers in the Bekaa have produced and processed the plant, albeit illegally, for generations.
The region produces so much cannabis in fact that in 2018, the United Nations Office on Drugs and Crime (UNODC) ranked Lebanon as one of the world’s top-5 cannabis producers.
And speaking to Bloomberg in an interview around the same time, Lebanon’s former Minister for the Economy, Raed Khoury, boasted Lebanese cannabis is some “of the best in the world.”
These cultivators know what they are doing.
And as Lebanon’s industry takes off, other nearby countries could look to Lebanon as an example of how to start a legal market.
We talked about the spread of cannabis legalization around the world just recently, and this announcement from Lebanon is another sign that the globalization of cannabis legalization will be here quicker than most people realize.
Talk again soon,
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April 27 2020