A plan to jump start Lebanon's economy: Export cannabis to the world

'The quality we have is one of the best in the world,' said Lebanon's trade minister, adding cannabis could become a one-billion-dollar industry
Haaretz (Israel)
Sunday, July 8, 2018

Global consulting firm McKinsey & Co. presented a document detailing its proposal to jump start Lebanon's economy to President Michel Aoun this week, Bloomberg reported. The report highlighted some "quick wins" Lebanon can implement to get back on track - including legalizing cannibas production for exporting globally. Caretaker Economy and Trade Minister Raed Khoury added Lebanon could legalize cultivation and export the drug for medicinal treatments: “The quality we have is one of the best in the world,” he said, adding cannabis could become a one-billion-dollar industry. In the report, Bloomberg notes, "cannabis is cultivated clandestinely in the eastern Bekaa Valley, which is dominated by Hezbollah."

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