Private companies that are interested in growing and exporting medical marijuana want the government to fast-track its decision on the industry.
In Uganda, less than two company have the licence to grow and export medical marijuana but several companies that are interested in the venture are awaiting Cabinet’s approval before starting their operations.
Industrial Hemp (U) Ltd, is currently working with Pharma Limited, one of the biggest Israeli cannabis firms, in growing marijuana for medical purposes in Uganda. They have invested $360m (about Shs1.3 trillion) in Hima, Kasese.
Officials of Premier Hemp, one of the Ugandan companies seeking to grow or export marijuana for medical purposes, say there is need for the government to fast track the process, to enable interested entities participate in the business.
Mr Rajiv Ruparelia, the managing director of Ruparelia Group says Uganda has the opportunity to take the initiative ahead of her neighbours.
He said on Saturday that Premier Hemp Limited, the company under which they will trade, has applied for a licence to grow the crop and only waiting for approval from relevant bodies.