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Header Image: Dr Mark Darko – CEO of the Chamber of Cannabis Industry, Ghana.

Thanks to Bob Hoban for alerting me to this vi Linked in

The Chamber said Ghana had one of the best climates in the world to cultivate cannabis and that the country had the potential to generate about $1 billion from the $50 billion global cannabis market

The Chamber of Cannabis Industry has urged the government to invest in the cannabis industry as part of its policies to diversify Ghana’s cash crops and generate revenue to support the economy.

The Chamber said Ghana had one of the best climates in the world to cultivate cannabis and that the country had the potential to generate about $1 billion from the $50 billion global cannabis market.

Mark Darko, Chief Executive Officer, Chamber of Cannabis Industry, made the call at the launch of the Chamber of Cannabis Training Centre and Sky Bridge Pharmaceuticals in Accra.

He said Ghana must leverage its cannabis resource for medicinal and industrial purposes following the passage of the Narcotics Control Commission Bill, 2023, that grants permission for the cultivation of cannabis for industrial purposes.

“One can make not less than $10,000 from just one hectare of cannabis. This is a $50bn industry. If Ghana is able to make at least $1 billion annually from cannabis, you can imagine what that can do for our country. Cannabis will reset Ghana’s economy,” he said.

Darko said the medicinal cannabis sector was a cornerstone to the growth of the sector due to its usefulness in chronic pain management and epilepsy treatments, among other benefits.

“The United States recorded over $11 billion in medicinal cannabis revenue in 2021, and that’s set to more than double by 2025. Europe, projected to be the largest medicinal cannabis market in the world, is expected to reach $45 billion within the next five years,” he said

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Cannabis can help reset Ghana’s economy – Chamber