Uganda government seals deal to export marijuana

The current contracts run for 10 years but along the way, we shall expand to satisfy future demand

Uganda is set to export medical marijuana products to Canada and Germany worth Shs600b in June, Daily Monitor has learnt.
It has also emerged that on December 7, 2017, Uganda exported unrefined cannabis buds/ flowers to South Africa’s National Analytical Forensic Services in Pretoria. The order to Industrial Hemp (U) Ltd, a private company, was valued at $10,000 (Shs37.1m).

The marijuana exports from a farm in Kasese District include Cannabinol (CBD) and Tetrahydrocannabinol (THC) with mixture of 2.7mg THC and 2.5mg CBD for Sativex drugs approved in USA, Europe and Canada. Oil Risin contain Dronabinol for making Marinol and syndros capsules and CBD enriched creams for various skin disorders.

Mr Benjamin Cadet, one of the directors at Industrial Hemp (U) Ltd, a private firm jointly working with an Israel company, Together Pharma Ltd, yesterday confirmed medical cannabis orders from at least 20,000 pharmacies in Canada and Germany.

“We signed annual supply contracts with pharmacies in Canada to a tune of $100m (Shs371.8b) and €58m (Shs242.3b) for Germany… the current contracts run for 10 years but along the way, we shall expand to satisfy future demand,” Mr Cadet said.

“People are using morphine, the main component of opium as an analgesic for cancer pain. Opium is an Opioid and more addictive and with side effects yet Cannabinol (CBD) from medical marijuana is the best option for such patients…Cancer patients are using CBD illegally. We have the scientists and the technology to do this but regulations are not in place to allow cannabis drugs manufactured for domestic consumption,” he added.

WebMD, a global website that provides health information, states that the greatest amount of evidence for the therapeutic effects of cannabis relate to its ability to reduce chronic pain, nausea and vomiting due to chemotherapy and spasticity [tight or stiff muscles].

The news about the exportation of medical marijuana products came as a five-member Cabinet committee meets this morning to discuss the dangers and benefits of medical marijuana.

The committee chaired by the Prime Minister, Dr Ruhakana Rugunda, includes Health minister Jane Ruth Aceng, Trade (Amelia Kyambadde), Finance (Matia Kasaija), Agriculture (Vincent Ssempijja), and Internal Affairs (Gen Jeje Odongo).
About 20 companies have so far sent letters to Dr Aceng requesting to grow marijuana for medical purposes.

The Cabinet sub-committee was tasked to look at the health and financial benefits from medical marijuana, one of the money-spinning, but highly sensitive ventures. The committee is expected to table its findings to Cabinet on May 15.

Although the First Lady and Education minister, Ms Janet Museveni, called the cannabis deal “satanic,” other ministers such as Dr Chris Baryomunsi, Dr Elioda Tumwesigye, Gen Kahinda Otafiire and Mr Hilary Onek have argued that Cannabinoids — the active chemicals in medical marijuana — are similar to chemicals the body makes that are involved in appetite, memory, movement and pain.

Those backing medical marijuana say its chemicals are used to treat a number of different health conditions, including appetite loss, cancer, inflammatory bowel disease, eating disorders such as anorexia; epilepsy; glaucoma.

 

Daily Monitor

Image – Industrial Hemp (U) Ltd

The post Uganda government seals deal to export marijuana appeared first on Weed World Magazine.

Go to Source
Author: WW
Puffin’ On Some Good New?! Share Some…

About admin