ISLAMABAD: Anti-Narcotics Force has approved four sites for cannabis cultivation.
According to the details, a meeting of the National Assembly Standing Committee on Science and Technology was held under the chairmanship of Sajid Mehdi.
During the meeting, Federal Minister for Science and Technology Shibli Faraz highlighted how the global market for cannabis will reach Rs95 billion by 2025.
He also hinted at launching a mega power saving project soon and announced the launch of the Tech Tsunami Programme to impart technical training to the youth of Pakistan.
Faraz said the plan is to save electricity in household appliances as the project will save 3,400 MW of electricity.
He also maintained that a total of 24,000 MW of electricity is used in Pakistan out of which 16,000 MW is used only for cooling. “However, in water motors, we can save 5,000 MW of electricity,” he said.
Briefing the committee on the cannabis production project, the federal minister said a litre of CBD oil is worth Rs10,000.
Cannabis seeds will also be produced near Rawat,” Faraz said.
Officials informed the committee that they would start cultivating cannabis for industrial purposes first.
In the first phase, raw materials for cannabis will be imported and greenhouses would be built in Lahore, Karachi and Islamabad.
Officials further said experiments with cannabis oil have begun while the Anti-Narcotics Force has approved four sites for cannabis cultivation.
Committee Chairman Mehdi expressed concern over the export of raw materials being used to cultivate cannabis. Upon which the science minister assured that strict legislation will be enacted to halt the export of raw materials.