A Plan to Jump Start Lebanon’s Economy: Export Cannabis to the World

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‘The quality we have is one of the best in the world,’ said Lebanon’s trade minister, adding cannabis could become a one-billion-dollar industry 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.” A Plan to Jump Start Lebanon’s Economy: Export Cannabis to the World

thumbnail courtesy of haaretz.com

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