header logo
Asia asset finance
Mogo Academy
Latest
Sri Lanka to export cannabis from first plantation
Sep 13, 201704:44 PM
Sri Lanka to export cannabis from first plantation

Sri Lanka is to launch its first official cannabis plantation to supply the traditional medicine market and export to the United States, the health minister said Wednesday.

 

Rajitha Senaratne said the 100-acre (40-hectare) cannabis farm, which could produce more than 25 tonnes a year and would be under military protection, would ensure a regular high quality supply.

 

“Many ayurvedic doctors have complained that they don’t get good quality cannabis for their preparations,” Senaratne told reporters. “Good cannabis is a vital ingredient in the preparation of traditional medicine.”

 

He said the traditional herbal medicine market currently depends on handouts from courts which seize illegally grown or smuggled drugs.

 

“By the time our native doctors get this cannabis, it is about four to five years old and it has lost its effectiveness,” Senaratne said.

 

He said the government expected to export the surplus from its proposed farm at Ingiriya, 60 kilometres (37 miles) southeast of Colombo.

 

“I am told there is a high demand in the US and several other countries. Cannabis is used by the pharmaceutical industry in the manufacture of tranquilisers and painkillers.”

 

Smoking and possessing cannabis is illegal in Sri Lanka.

 

Source: AFP

 

-Agencies 

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora