Home News Cannabis boom could turn around Malawi economy

Cannabis boom could turn around Malawi economy

For many years, cannabis used to be the shining star of agriculture in Malawi. Now the country is looking to “a basket of alternative crops”, including cannabis. Malawi Gold, a cannabis strain, is already globally renowned as one of the finest sativa strains from Africa

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Malawi might soon switch to high-growth crops like cannabis, confirmed the country’s president, Lazarus Chakwera. This, after its leading foreign exchange earner, tobacco, was said to be in terminal decline.

Reuters reported that Chakwera pleaded for a shift to cannabis in his recent state of the nation address. He said tobacco was expected to earn less than $200 million in 2021, a figure roughly similar to the past two years but well below previous annual earnings that used to top $350 million.

“Clearly we need to diversify and grow other crops like cannabis, which was legalised last year for industrial and medicinal use,” said Malawi’s president, Lazarus Chakwera. Photo: Flickr/ABLI Forum
“Clearly we need to diversify and grow other crops like cannabis, which was legalised last year for industrial and medicinal use,” said Malawi’s president, Lazarus Chakwera. Photo: Flickr/ABLI Forum

“The inconvenient truth… is that while Malawi has come a long way by relying on tobacco as our… largest single crop contributor to our GDP, this reliance is now seriously threatened by declining demand worldwide,” Chakwera said.

“Clearly we need to diversify and grow other crops like cannabis, which was legalised last year for industrial and medicinal use.”

Reuters further reported that tobacco was a stain on Malawi’s otherwise booming agricultural sector.

The president said agriculture would enable economic growth to recover to 3.8% this year, according to the latest forecasts, and it would push it to 5.4% next year.

ALSO READ: Cannabis farming: 6 tips to get growing

Drop in cigarette sales

Decades of public health education have gradually convinced people worldwide of the dangers of tobacco, leading to a sustained drop in sales. At the same time, cannabis has started to be accepted as a medicine.

Malawi’s parliament passed a bill in February last year that makes it legal to cultivate and process cannabis for medicines and hemp fibre used in industry, but stops short of decriminalising recreational use.

“I have directed [the] ministry of agriculture to begin a radical search for a basket of alternative crops so that by 2030, Malawi can do away with its reliance on tobacco, except in limited cases where there are pre-agreed quotas,” Chakwera said.

Countries around the world are either legalising or relaxing laws on cannabis, including several Zambia, Lesotho and Zimbabwe. Malawian cannabis, particularly the strain known as Malawi Gold, is internationally renowned as one of the finest sativa strains from Africa.

ALSO READ: Cannabis can ‘save poor from wicked hands of poverty’

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Staff Reporter
Staff Reporter
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