Facing severe economic challenges, Pakistan is embracing cannabis for economic growth and stability.
Pakistan has established a regulatory authority to oversee the cultivation and trade of cannabis. This move is aimed at harnessing the economic potential of cannabis and its derivatives, especially amid the country's ongoing economic crisis.
Legalizing cannabis for medicinal purposes opens up opportunities for Pakistan to tap into the global cannabis market. With conducive growing conditions, Pakistan aims to export hemp and its products, attracting foreign investment and bolstering domestic sales.
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With inflation rates soaring and economic growth stagnating, Pakistan is turning to alternative sources of revenue. Cannabis legalization offers a potential solution to alleviate economic distress and stabilize the country's financial situation.
The establishment of the Cannabis Control and Regulatory Authority signals Pakistan's commitment to responsibly manage cannabis cultivation and trade. By imposing fines for misuse and ensuring compliance with international standards, Pakistan aims to derive economic benefits while preventing illegal activities.
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