Can Lebanon Turn Drugs into Money? Minister Discusses Plan to Cash In On World Famous Cannabis

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Beginning of dialog window. Escape will cancel and close the window. Lebanon’s economic minister has endorsed a plan to revitalize the country’s struggling economy—and it includes capitalizing on one of Lebanon’s best known, yet entirely illegal products. In an interview with Bloomberg News, Lebanese Caretaker Economy and Trade Minister Raed Khoury discussed Friday a plan devised by New York-based global consulting firm McKinsey & Company to diversify the country’s economy as it faces a deepening financial crisis. The plan reportedly included potential “quick wins” such as getting involved in reconstruction efforts for conflict-ridden Iraq and Syria, investing in the tourism sector and legalizing Lebanon’s illicit cannabis farms for medicinal exports. “The quality we have is one of the best in the world,” Khoury told the outlet, adding that the cannabis had the potential to bring in up to a billion dollars. Can Lebanon Turn Drugs into Money? Minister Discusses Plan to Cash In On World Famous Cannabis

thumbnail courtesy of newsweek.com

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