Nepal’s Finance minister Dr. Swarnim wagle has recently made positive statements regarding medical cannabis. This indicates that the government of Nepal supports the production and use commercial cannabis for medical purposes.
He said that, in response to Friday’s questions by members of National Assembly, the Ministry of Finance was going to facilitate the legalization of marijuana cultivation. According to stated Ratopati Original coverage. Minister Wagle stated that the issue of marijuana production and marketing does not only concern income, employment, revenue collection, but it also concerns its medicinal use.
The outlet reported that Finance Minister Wagle had said: “There’s a public debate on the commercial and medicinal uses of cannabis. Its feasibility study has also been mentioned in past Budgets.” “Despite the fact that it was once banned by developed countries under pressure, they are now moving in the direction of openness.” Nepal needs to take positive steps forward.
Finance Minister Wagle said that he would be working with Nepal’s Ministry of Home Affairs in order to study this issue further. He added that 700,000 rupees are earmarked for the medical cannabis industry in the budget of the next fiscal year.
Gandaki province in Nepal has approved the legalization of medical cannabis farming earlier this month. The Gandaki provincial government approved a measure legalizing medical cannabis farming earlier this month.
In Nepal, cannabis farming is prohibited on a federal level. Anyone caught with marijuana can face a one-month jail sentence. Cannabis distribution can be punished by up to ten years in jail, depending on how much is involved. Parasmani Gelal, a Rastriya Swatantra Party MP (RSP), made public comments in June calling on Nepal’s Government to modernize their cannabis laws and regulations so that cannabis industry activities can be permitted to boost Nepal’s economy.
Marijuana is not just a narcotic and an intoxicant. It can also serve as a raw materials for building materials, construction, clothing, paper and bioplastics. “Many countries, such as the USA, Canada and Australia, France, Germany and China, have built economies worth billions of dollars through scientific and systematized management.” MP Gelal stated at the time.
Nepal’s economy is heavily dependent on the national agricultural sector, which is estimated to employ roughly two-thirds of the population and generate around one-third of Nepal’s GDP. Nepal’s nominal Gross Domestic Product ranks 99th in the world among all economies.
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