Don’t be surprised if you hear that country like Pakistan has now allowed and approved the hemp production which can fetch around $1bn as foreign exchange as said by the minister of science and technology.
A cabinet meeting chaired by, In a news conference in Islamabad, the minister Fawad Chaudhry told that Prime Minister Imran Khan, in a Cabinet meeting, approved a summary on Tuesday to allow legal production for the first time
“We want that this hemp market could give us around $1 billion in the next three years,” he said, adding the global market is worth around $25 billion.
Hemp seeds produce hemp oil, while the leaf is used in medicine and the stem can be turned into fibre to replace cotton in the textile industry.
S&T minster said the compound cannabidiol found in the hemp plant has an important role in medical science and therapies to alleviate severe and chronic pain affecting for instance cancer patients or those who have lost limbs. Across the world, companies have been seeking to tap into the market for medicinal cannabis.
The minister said the farming of hemp - a strain of the cannabis plant that contains little or no tetrahydrocannabinol, or THC, the substance that makes people high - will only be allowed under government control and the project should not be jumbled with poppy-growing.
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