A bill seeking the legalisation and usage of industrial hemp plants for medical and scientific research is presently before the House of Representatives.
The bill, which was presented by Rep. Princess Miriam Onuoha, representing Okigwe North of Imo State, has passed the second reading.
This was disclosed by Dr Tonye Jaja Clinton, a legal practitioner, during a media parley organized by Grow Cann Africa in Abuja on the benefits and opportunities of cannabis plants and CBD oil.
This is just as experts from Canada have started pushing for the cultivation and development of non-intoxicating Cannabis, Cannabidiol, CBD oil, and industrial hemp markets in the country.
The group, Grow CANN Africa, said Nigeria is well-positioned to tap into the increasing global demand for Cannabis, CBD oil and industrial hemp markets poised to hit $10 billion in 2020. President of Grow CANN Africa, Uju Adaku, who spoke during a Zoom media parley held in Abuja, disclosed that their findings have shown that countries have gained better traction in the development of their national cannabis (CBD) and industrial hemp by granting an exclusive licence to foreign partners with the technical know-how, including access to the global market to adequately build the market.
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