We’re just surprised that nobody had thought of this earlier.. yes Hezbollah does pose a little bit of a stumbling block.
Global consulting firm McKinsey & Co. presented a document detailing its proposal to jump start Lebanon’s economy to President Michel Aoun this week. Blooberg reported over the weekend the publication got hold of the abridged version of the document, while the full version must be ratified by the new cabinet, which Prime Minister-designate Saad Hariri is still attempting to form following May’s elections.
“Tackling some of Lebanon’s biggest problems, including corruption, will be key to rebuilding the economy,” Caretaker Economy and Trade Minister Raed Khoury said. The report highlighted some “quick wins” Lebanon can implement to get back on track – including legalizing cannibas production for exporting globally.
Khoury added Lebanon could legalize cultivation and export the drug for medicinal treatments: “The quality we have is one of the best in the world,” he said, adding cannabis could become a one-billion-dollar industry.
In the report, Bloomberg notes, “cannabis is cultivated clandestinely in the eastern Bekaa Valley, which is dominated by Hezbollah.” Hezbollah has come under internationally scrutiny in recent years for its role in both international drug and arms trade – which helps to finance its militia and terrorist operations internationally.