Zimbabwe Eyes Switch to Cannabis as Tobacco Demand Seen Waning
- Tobacco growers to earn 25% of revenue from cannabis by 2025
- Switzerland seen as gateway for producers into Europe
Farming cannabis for medical use in Zimbabwe was first legalized in 2019.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
Zimbabwe’s tobacco industry is looking to cannabis as a major revenue source with anti-tobacco sentiment expected to dampen demand for one of the country’s biggest exports.
Anticipated demand for cannabis is projected to continue to grow while tobacco output globally may decline 15% by 2030, according to Meanwell Gudu, the chief executive officer of Zimbabwe’s Tobacco Industry and Marketing Board.