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

Sri Lanka’s 2026 Shock Test: Fiscal Space Meets Disaster Economics

Sri Lanka’s 2026 Shock Test: Fiscal Space Meets Disaster Economics

Cyclone Shock Puts Sri Lanka’s Vegetable Farming at Risk

Cyclone Shock Puts Sri Lanka’s Vegetable Farming at Risk

World Bank Bets on Sri Lanka’s Fragile Digital Leap

World Bank Bets on Sri Lanka’s Fragile Digital Leap

US Safety Manufacturer Plants Long-Term Industrial Bet in Sri Lanka

US Safety Manufacturer Plants Long-Term Industrial Bet in Sri Lanka