Newsweed
A partnership Lebanese-Chinese hopes to give new momentum to the medical marijuana, which is still dormant in the country.
After announcing a partnership in the agricultural sector, the two countries have now signed a series of agreements focused on medical marijuana and medicinal plants, resulting in an investment of 10 million dollars intended to establish Lebanon’s first public research laboratory dedicated to this sector.
This agreement, signed at the Grand Serail in Beirut, aims to encourage international investment in agricultural sectors considered to have strong pharmaceutical and export potential.
Agriculture Minister Nizar Hani also linked this initiative to a Lebanese-Chinese partnership announced the previous week, which focused on introducing agricultural drone technology into agriculture and forestry.
This agreement also comes alongside an effort by the Lebanon to diversify its economy, while negotiating financial reforms and seeking greater macroeconomic stability.
Announcement of the first public laboratory dedicated to Cannabis
The June 8, the two countries signed the agreement on 10 million dollars with the company Zhonghua Lianchuang International Holding Co., Ltd., based in Hong Kong, to fund the country’s first public laboratory dedicated to research and testing on the medical marijuana.
The laboratory will be located at the Faculty of Agronomy at the’Lebanese University in Dikwaneh and will operate under the supervision of the’Lebanese Cannabis Regulatory Authority.
Unlike a traditional investment, the Chinese company will provide this funding without any direct financial compensation or conditions. Approximately $4 million will be allocated for laboratory equipment, while the remaining funds will be used to finance technical assistance, staff training, and the publication of analysis results via the Authority’s future online platform.
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