U.S. markets open in 3 hours 44 minutes
  • S&P Futures

    4,109.50
    -38.25 (-0.92%)
     
  • Dow Futures

    33,707.00
    -255.00 (-0.75%)
     
  • Nasdaq Futures

    12,481.25
    -142.75 (-1.13%)
     
  • Russell 2000 Futures

    1,973.90
    -19.60 (-0.98%)
     
  • Crude Oil

    73.61
    +0.22 (+0.30%)
     
  • Gold

    1,873.40
    +10.50 (+0.56%)
     
  • Silver

    22.44
    +0.04 (+0.18%)
     
  • EUR/USD

    1.0768
    -0.0029 (-0.27%)
     
  • 10-Yr Bond

    3.5320
    0.0000 (0.00%)
     
  • Vix

    19.73
    +1.00 (+5.34%)
     
  • GBP/USD

    1.2028
    -0.0028 (-0.23%)
     
  • USD/JPY

    132.1860
    +1.0360 (+0.79%)
     
  • BTC-USD

    22,825.93
    -578.80 (-2.47%)
     
  • CMC Crypto 200

    524.36
    -12.50 (-2.33%)
     
  • FTSE 100

    7,829.79
    -72.01 (-0.91%)
     
  • Nikkei 225

    27,693.65
    +184.19 (+0.67%)
     

Morocco Legalizes Cannabis Cultivation And Commercialization

This article by Franca Quarneti was originally published on El Planteo, and appears here with permission.

Morocco: the upper house of Parliament approved a bill to legalize the cultivation and commercialization of cannabis for medicinal and industrial uses.

With 41 votes in favor and 11 against, the upper house approved the bill, less than two weeks after the initiative was voted in the lower house.

However, the Moroccan Minister of the Interior, Abdeluafi Laftit, recalled that "the illegal use and consumption of marijuana is still prohibited in the country."

During the session, Laftit stated that the project "seeks to open development opportunities" in cannabis cultivation areas in the African country, one of the largest cannabis producers worldwide.

In addition, the minister pointed to a "greater openness in the international community about this drug" and stressed that "the illicit cultivation of cannabis has had catastrophic effects on health and the environment."

A report by the Moroccan Ministry of the Interior revealed that more than 400,000 people make a living from cannabis production in the country.

Encuentra nuestro contenido en Español en El Planteo:

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.