Cannabis cultivation can attract USD 2 bn within 2023 alone

Date:

The implementation of the proposal of cannabis cultivation for the sole purpose of exportation can attract investments amounting to USD 2 billion within 2023 alone, said State Minister of Tourism Diana Gamage, speaking to reporters after attending the Parliament sittings yesterday (14).

“I am very happy, because I have been outspoken about this for this country. Because I see path to recovery through the implementation of this. I know that by implementing this, investments of USD 2 billion can be attracted and it will allow the industries of this country to continue. We can save this country,” she said.

President Ranil Wickremesinghe during his 2023 Budget Speech yesterday revealed that a committee of specialists will be appointed to investigate the possibility of cultivating cannabis for the sole purpose of exports.

MIAP

Share post:

spot_imgspot_img

Popular

More like this
Related

Virtusa and Wiley Form a Multi-Year Partnership to Accelerate Wiley’s Technology Transformation

Virtusa Corporation, a global leader in digital business strategy...

Corruption’s Heavy Price Resulting in  Public Sector Failures Dragging Economy

Sri Lanka’s economic recovery in 2026 continues to be...

Colombo Port’s Next Act: Can Expansion Power Sri Lanka’s Economic Revival?

As Sri Lanka struggles to sustain its fragile economic...

Digital Leap or Data Trap? Weighing India’s Role in Sri Lanka’s e-ID Push

Sri Lanka’s planned National Digital Identity system marks a...