ECONOMYNEXT – Sri Lanka is in talks with investors to set up a cannabis growing and export processing zone, Investment Promotion Minister Dilum Amunugama said.
Sri Lanka appointed a committee to look in to growing cannabis for export, and report has been completed. Authorities have tapped international experts to help devise a set of rules to govern cannabis growing and processing.
Several investors have expressed interest.
“They will not only have to grow it, but manufacture a product which will be the value addition part, Minister Amunugama said.
“How we do it is being discussed. We are working with the experts, plus the investors, mostly foreign guys, so that we won’t have disputes later once we lay the rules,”.
The investments will be contained within a zone once the rules are finalized.
Canabis has multiple uses, including medical applications linked to the active ingredient cannabidiol. (Colombo/May27/2023)