Cannabis attracts Israeli investments to Morocco

July 01, 2021
The “Kif” law opens the doors of Morocco to Israeli companies The “Kif” law opens the doors of Morocco to Israeli companies

Daily Times, Dubai United Arab Emirates:- Israeli companies are looking for investment opportunities in cannabis in Morocco, especially after a legal framework has been established for its cultivation and its use is limited to medical use.

150 Israeli companies working in the medical and cosmetic industries are trying to find opportunities to invest in this narcotic, according to what was revealed by the Moroccan parliamentary advisor and member of the Political Bureau of the Authenticity and Modernity Party, Larbi El-Mahrashi.

Recently, the draft law on “Kif” was approved by both houses of Parliament in Morocco, and it includes “legalizing the cultivation of “Al-Kif” and limiting its use to medical uses, which brings many economic benefits to the North region that will change the features of the social reality for many families.”

It is known that the law of "Indian hemp" has limited the cultivation areas of this plant to five main regions, namely: Ouazzane, Taounate, Chefchaouen, Al Hoceima, and Tetouan, while some regions belonging to the "northern region" demand that it be also included in the national strategy for cultivation "Keef".

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