Uganda Inks A Lucrative Sh1.1Trillion Deal With EU To Export Marijuana To Canada and Germany

The European Union has approved Uganda’s medical marijuana products, the go-ahead will pave way for local cannabis growers to tap into the global legal marijuana market.

A certificate of compliance was awarded to Industrial Globus Uganda Ltd by a team of European Union medical cannabis inspectors allowing the growing of medicinal marijuana in the country for export purposes.

The team from the Netherlands made the decision after close to a month of a thorough inspection of the marijuana gardens in Hima, Kasese District between July 29 and August 4.

The certificate of compliance to Industrial Globus Uganda Ltd will be valid from August 6, 2019 to August 5, 2020.

“Control Union Certifications declares that the production of the products mentioned on this certificate has been found to be compliant in accordance with the standard,” part of the certificate read.

The Kasese marijuana farm will now export products such as Cannabinol (CBD) and Tetrahydrocannabinol (THC).

At least 50 companies have applied through the Ministry of Health to join Industrial Globus Uganda Ltd in growing weed for medical purposes.

Other than the medicinal use of marijuana, the EU also certified the WHO-GAP (Guidelines on good agricultural and collection practices (GACP) for medicinal plants; EMEA (Europe, the Middle East and Africa) -Guideline on GAP and GACP for Herbal Medicinal plants.

Industry players project the global medical cannabis market to hit $63.5billion by 2024 as countries like Uganda gain access to EU’s legal medicinal marijuana markets.