In the House of Representatives, a bill to legalize drug production in Nigeria passed its second reading.
During a media conference organized by Grow Cann Africa in Abuja on the benefits and opportunities of cannabis plants and CBD oil, legal practitioner Dr. Tonye Jaja Clinton revealed this.
Clinton who revealed that the bill is sponsored by Princess Miriam Onuoha, the lawmaker representing Okigwe North of Imo State, added that Nigeria has a lot to gain economically if the bill is passed into law.
Grow CANN Africa, the company, said Nigeria is well placed to tap into the rising worldwide demand for cannabis, CBD oil and industrial hemp industries, which is set to cross $10 billion by 2020.
Uju Adaku, President of Grow CANN Africa, who spoke during a Zoom media conference held in Abuja, revealed that his findings have shown that countries have gained greater momentum in the production of their domestic cannabis (CBD) and industrial cannabis by granting international partners an exclusive license with technological know-how, including access to the global market , in order to adequately build the market.
According to her, the group has met with the Nigerian High Commissioner for Canada, the Canadian High Commissioner for Nigeria, the Nigerian Drug Law Enforcement Agency, NDLEA, the National Food and Drug Administration and Control Agency, NAFDAC, and the Federal Ministry of Agriculture over the past two years to discuss the development of Nigerian non-intoxicating cannabis, CBD oil and indigenous products.
Speaking further, Dr Tony Jaja, the legal practitioner, who developed the bill for the Cultivation, Processing and Commercialisation of Cannabis, said though the Nigerian Drug Law Enforcement Agency Act criminalised cannabis for medical research and commercial purpose. He said that to ensure strict regulation of the cultivation, the bill put in place criteria for licensing such that anyone applying who proves that it’s purely for research or commercial purpose, and even after the licenses are issued, it must be renewed periodically so that people do not misuse them.