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The legalization of cannabis growing for both medical and industrial uses by Ghana’s Parliament is a significant turning point in the country’s history, as it joins the global movement that recognizes the many benefits of cannabis.
This groundbreaking decision, taken on December 14, 2023, ushers in a revolutionary era in Ghana’s cannabis rules by granting the Interior Minister the right to issue licenses.
Ghana’s dedication to achieving cannabis’s potential was demonstrated by the Narcotics Control Commission Act 2020 (Act 1019) being passed.
This action fits in with a global trend of nations realizing the benefits of the cannabis sector, which was valued at $30 billion in GDP globally in January 2022.
The full range of cannabis-related activities, such as import, export, distribution, processing, and growing, are covered by licensing.
Crucially, these permits follow strict guidelines for THC concentration, capping amounts at 0.3% dry weight.
According to experts, Ghana’s economic problems could be resolved if the cannabis sector is properly managed and regulated across the value chain. This is because cannabis has the potential to thrive throughout Ghana.
Key sector expected to benefit significantly is the employment sector.
As Ghana embarks on this transformative journey, the country stands at the forefront of cannabis industry development in Africa.
