Governor Akeredolu declares interest to tap into $145bn marijuana market

Governor Rotimi Akeredolu has said that Ondo State is ready to work with the National Drug & Law Enforcement Agency (NDLEA) to tap into the estimated $145bn medical marijuana market.

Governor Akeredolu made this known on Tuesday via his verified Twitter handle @RotimiAkeredolu after his visit with the NDLEA Chairman Col. Muhammad Mustapha Abdallah (Rtd) to Thailand to learn how to legally grow cannabis.

Governor Akeredolu
Governor Akeredolu, NDLEA visit Thailand, plan legal cannabis farms in Ondo

The governor added that there was the need for the Federal Government to encourage the cultivation of medicinal Indian hemp in the country.

Speaking on the new development, Governor Akeredolu warned that since Ondo is “the hotbed of cannabis cultivation,” the state would be short-changing itself if it doesn’t tap into the “legal marijuana market” whose estimated value has been projected to be $145bn by 2025.

Governor Akeredolu
Governor Akeredolu described Ondo State as the hotbed of cannabis cultivation in Nigeria

“Our focus now is medical marijuana cultivation in controlled plantations under the full supervision of the National Drug Law Enforcement Agency

“I strongly implore the FG to take this seriously, as it is a thriving industry that will create 1000’s of jobs for our youths and spur economic diversification,” the governor said.

“Cannabis is used for medical purposes; how can it be cultivated for specific purposes and not be abused.

“The programme is centred around exploiting the possibility of medicinal cannabis extract development and it is aimed at building capacity and researching the modality of licensing for planting and extracting cannabis oil in Nigeria as well as exploiting its commercial potential with focus on Ondo State.”

“We know how to grow it and it thrives well in the Sunshine State. How to grow cannabis is never a problem in Ondo State,” he declared.

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