Africa-Press – Malawi. The Cannabis Regulatory Authority (CRA) has entered into a partnership with Canada-based Co2 Evolve to help in cannabis farming in the country. Co2 Evolve will run the carbon projects that are specifically based around hemp and cannabis plantations.
Speaking on the sidelines of a press briefing in Lilongwe on Monday, CRA Chairperson Boniface Kadzamila said the country is looking for investors like Co2 Evolve for farming to be fruitful.
He said signing of the agreement is a step towards securing a stable market for farmers. “Cannabis is an incredible plant that offers so much potential for economic development, allowing countries like Malawi to participate in the new emerging green economy.
“This company has brought in new technologies that cannabis can be used for, apart from being medicinal. Anything you can do with wood or petrol chemicals, you can do with hemp and in a green and sustainable way,” Kadzamila said.
Co2 Evolve founder David Curry said cannabis plantations have a baseline revenue source in the form of carbon. He said carbon projects are now in high demand from the corporate market to offset their emissions, which can be found in cannabis.
“We offer a new revenue stream for our country partners by facilitating corporate investment for carbon and bi-products made from hemp.
“Our plan is to develop new green industries that pioneer sustainable social and economic development here in Malawi and enable Malawi to participate in the new green global economy,” Curry said. Malawi legalised cannabis farming for medicinal and industrial use in February 2020.
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