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Ethiopia’s cannabis potential valued at USD 10 billion

The African Regional Hemp & Cannabis Report, 2019 industry outlook, a study by New Frontier Data, a Washington based research institute, indicated that cannabis, which is a genus of flowering plants in the family of Cannabaceae, recognized for its use in medical or recreational purposes, potential in Ethiopia has a market potential of USD 9.8 billion, standing second in the continent only following Nigeria’s USD 15.3 billion industry.

Planed cannabis project facesbacklash

Reports of consultative the meeting between local communities in DembechaWoreda, West Gojam Zone of the Amhara Regional State, and investors who have said will open a Cannabis factory in the locality has created a massive backlash among the online community in Ethiopia.