Malawi Grows its Agricultural Portfolio

Malawi has passed a bill decriminalising cannabis for medicinal and industrial purposes, almost five years after a motion to legalise industrial hemp was adopted. The economic potential of the fast-growing global medicinal and industrial cannabis industry has been the main driver of the law change in Malawi. In 2019, the World Bank said Malawi “remains one of the poorest countries in the world despite making significant economic and structural reforms to sustain economic growth”. The national poverty rate was more than 50% in 2016. Agriculture offers employment to nearly 80% of Malawi’s population. Tobacco is the country’s major export, and the global decline in its use has impacted the economy.

SOURCE: THE GUARDIAN