HAG reiterates call for decriminalisation of cannabis
The Hemp Association of Ghana (HAG) has reiterated its call for the decriminalisation of cannabis.
President of HAG, Nana Kwaku Agyemang says the call would go a long way to help the country economically.
HAG in 2019 signed a deal with a Ghanaian-owned Cannabis business operator based in Portugal.
The deal was estimated to gross a staggering $ 56 million in five years from merely cultivating and exporting industrial hemp from a land size approximating 100 acres.
The deal will rake in around $2.8 million per harvest of HAG’s industrial hemp on the planned 100 acres.
Each year’s harvest will generate $ 11.2 million for HAG. And by the five-year lifespan of the deal, HAG would have accrued over $ 56 million in revenue.
Taxes to the Ghanaian government could gross over $ 10 million from just 100 acres of industrial hemp if the authorities evaluate the industrial potential of the plant taking the world by storm currently.
Cannabis Sativa is used for over 50,000 industrial uses, including being used as a cheaper alternative to cotton, paper car dashboards, and building houses and for medicinal purposes.