Detailed update from Business of Cannabis
Morocco has successfully completed its first legal cannabis export since making the move to legalise cannabis for medical, pharmaceutical and industrial uses in 2021.
This is a landmark development for the country amid its ongoing efforts to transition its thriving illicit cannabis cultivation industry into a legitimate export market and capitalise on its already dominant position in exporting to Europe.
It comes amid a torrent of applications from farmers, who until recently had remained largely skeptical of the opportunities presented by the legal market, seeing the legally licenced cultivation area in the country increase tenfold year on year.
As investors and businesses look to capitalise on the burgeoning opportunity, the National Agency for the Regulation of Cannabis-Related Activities (ANRAC) is now actively searching for export opportunities, having attended Cannabis Europa last month and reportedly visiting the Netherlands, Portugal and the Czech Republic recently.
Full article: https://businessofcannabis.com/morocco-makes-first-legal-cannabis-export-since-rule-change-in-2021/
