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JUST IN: $ 10 million for cannabis production



The Herald

Sydney Kawadza Mash West Bureau Chief

At least $ 10 million is reserved for the establishment of Zimbabwe's first factory for medicinal cannabis production in Mazowe, Mashonaland Central.

NIRCAN ZW Ltd, a subsidiary of NIRCOM A.S.I.G, has already submitted an application to the government for a license for the export of cannabis for medical cannabis.

The government in April of this year announced that individuals and businesses could apply for licenses for growing cannabis for medicinal or scientific purposes.
According to sources, former health and child welfare, Dr. David Parirenyatwa had agreed in principle to the application of NIRCAN ZW Ltd.

Issuance of the license will lead to the establishment of the medical cannabis and breeding center in Mazowe.
According to documents recently collected by The Herald, NIRCAN ZW Ltd has reserved $ 10 million for the first phase of the project.

The budget includes $ 4 million for the premise, which includes a growing and growing center with a gross size of 50,000 square meters.
This would also include the establishment of a greenhouse greenhouse and an outdoor cultivation unit.

The budget also includes working capital of $ 4.5 million for the first year and $ 1 million reserved for various expenses.

More to follow …


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