Nepal Legalizes Cannabis (Weed/Marijuana/Ganja) Cultivation for Medicinal Production
Kathmandu, May 28, 2024 — In a historic move, Nepal has legalized the cultivation of cannabis strictly for the purpose of producing medicine, Finance Minister Nandakishor Pun announced during his budget speech on 15 Jestha 2081. This landmark decision aims to utilize cannabis as a raw material in the pharmaceutical industry, marking a significant shift in the country’s drug policy.
Speaking to the parliament, Minister Pun emphasized that this legalization strictly pertains to the cultivation of cannabis for medicinal production. This does not mean that cannabis is legalized for consumption, even for medicinal purposes. The new policy is solely focused on enabling the pharmaceutical use of cannabis under a regulated framework.
The specifics of the regulatory framework, including guidelines on who can cultivate cannabis, the licensing process, and the conditions under which cannabis can be processed into medicine, are still under development. Minister Pun assured that these details will be announced soon, as the government works diligently to establish a robust system that ensures the controlled and responsible use of cannabis for medicinal production.
The announcement has sparked significant interest and discussion among various stakeholders, including medical professionals, agricultural experts, and potential investors. Proponents argue that utilizing cannabis as a raw material for medicine offers a range of therapeutic benefits, including pain relief and reduction of inflammation.
Critics, however, caution that careful regulation is crucial to prevent misuse and illegal diversion of cannabis. They stress the importance of implementing stringent controls to avoid potential negative social and health impacts.
Nepal joins a growing list of countries that have recognized the medicinal value of cannabis for pharmaceutical production, paving the way for scientific research and innovation in medical treatments. As the government prepares to roll out detailed regulations, it is expected that this move will also provide economic opportunities, particularly for farmers and entrepreneurs in the agricultural sector.
The Finance Minister’s announcement represents a forward-looking approach to health and economic policy, reflecting a global trend towards the acceptance and regulation of cannabis for medicinal production. As Nepal navigates this new landscape, all eyes will be on the forthcoming regulations that will shape the future of cannabis cultivation for medicinal purposes in the country.