The Lebanese parliament has passed the legislation to legalize the cannabis cultivation for medical and industrial purposes. Earlier, the farming of cannabis was illegal in Lebanon, but now the cannabis farming would be regulated within the country. Legalizing the cultivation of Cannabis is expected to produce high value-added medicinal products. It is also a potentially lucrative export for Lebanese economy which is in dire need of foreign currency as it is grappled with a financial crisis.
Hence the legalization of cannabis farming in Lebanon would bring revenue for the government as well as develop the agricultural sector.
Important takeaways for all competitive exams:
- Prime Minister of Lebanon: Hassan Diab.
- Capital of Lebanon: Beirut; Currency: Lebanese pound.