Pakistan can generate $8 billion in four years through cannabis: Minister of Science and Technology

A meeting of the Standing Committee on Science and Technology took place, under the supervision of Senator Shafiq Tarin

Pakistan can generate $8 billion in four years through cannabis: Minister of Science and Technology

The Secretary of the Ministry of Science and Technology has revealed that in four years, Pakistan can generate as much as $8 billion by implementing a policy on cannabis.

A meeting of the Standing Committee on Science and Technology took place, under the supervision of Senator Shafiq Tarin. Multiple points were discussed, including how the government could earn revenue of $2 billion in revenue in a matter of months by developing a policy on the use of cannabis.

Cannabis Policy

Although Pakistan has never implemented such a policy prior to this, taking into consideration the current economic situation of the country, it could generate revenue through the legal sale of the drug. The Minister of Science and Technology mentioned that the Ministry had already developed a policy on the use of the drug, but it was not given the green light by the Cabinet.

The policy on the use of Cannabis was developed with the consultation of various ministries and within the boundaries of international institutions.

Generate Revenue

While drawing a relationship between the cannabis policy and Pakistan’s current debts, the ministry added that the International Monetary Fund (IMF) has put in place strict conditions to acquire the loan of $6 billion, along with a big interest rate. If the country is able to devise a beneficial cannabis policy, it will largely take the burden off of the economy.

The Secretary MoST also shared details of the policy and said that a rigid anti-drug protocol will also be followed by authorities. The ministry will issue regular licenses to allow the cultivation of cannabis, which will be 100 initially.

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