CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Govt preparing to legalize cannabis cultivation

CEO TAB by CEO TAB
March 12, 2020
in Prime News
0
Govt preparing to legalize cannabis cultivation
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

Kathmandu, March 11: The government is planning to endorse a private bill that seeks for commercial cultivation of marijuana for medicinal purposes and for export.

You might also like

Proposed Company Law Amendment May Force Large FDI Firms to Go Public

Bird Flu Detected in 82 Locations Across 11 Districts; Kathmandu Valley Emerges as Hotspot

Government Considers Allowing Companies to Issue Shares Below Rs 100 Face Value

The bill was registered at the House of Representatives by Sher Bahadur Tamang, a Nepal Communist Party lawmaker and former minister for law and justice, on March 2.

According to media reports, the government is being positive towards legally allowing interested farmers to cultivate cannabis in specific areas with specific purposes.

The concerned authorities have come up with such posture after the United Nations Office on Drugs and Crime (UNODC) asked Nepal to clarify its stance on the legality of marijuana cultivation.

Joint-secretary of the Home Ministry, Narayan Duwadi said in the 63rd session of the Commission on Narcotic Drugs (CND) held by the UNODC from March 2- 6 in Vienna, Austria that Nepal was in favor of decriminalizing such cultivation in a regulated fashion.

During the session, he said,” The Nepal government is mulling over the formulation of a new act that permits the production, collection, and sales of hashis. Such hash will be obtained from the wild cannabis plants that grow naturally   in the western hilly region of the country.” Duwadi added that any person involved in the production of hash as per the proposed new act will not be liable to any legal prosecution.  

The Narcotics Drug Control Act-1976 criminalizes the sale, cultivation, and consumption of cannabis. Those involved in marijuana cultivation now can face a jail term of three years and up to Rs 25,000 in fines. Similarly, marijuana trafficking can lead to 2 to 10 years in jail and a fine of up to Rs 1,000.

According to the bill, any farmer with a desire to cultivate marijuana will be able to acquire a license from the local government or the respective district after specifying the area of cultivation, the people involved in the cultivation, and assurance against unauthorized use.

The bill proposes the formation of a 14-member Marijuana Board led by the health secretary to regulate and manage the cultivation and sale of marijuana. Similarly, it also envisions a regulatory body at the district level, led by the chair of the District Coordination Committee. Producers will be able to sell their products to medical companies as prescribed by the board, to people authorized to consume marijuana for medicinal purposes, and to authorized agents for export to other countries.

Sources at the ministry said all necessary official processes will be gradually carried out to decriminalize marijuana cultivation in the country on the basis of the American model.

In the US, the state-level laws permit marijuana cultivation even though the federal ones prohibit the same. Here in the country too, preparations are on the way to register a bill on the cultivation and management of marijuana in the assemblies of all seven provinces across the country.

Notably, the very bill has already been registered at the assembly of Bagmati Province by former minister Keshav Sthapit.

Experts opine that the legalization of marijuana cultivation could well be a game-changer of the Nepali economy. “Our country possesses immense potentials to produce marijuana with high tetrahydrocannabinol ( THC) level. Since such marijuana is in high demand in the international market, Nepal can earn billions of dollars annually from such sales,” they argue.

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Proposed Company Law Amendment May Force Large FDI Firms to Go Public

by CEO Tab
June 24, 2026
0
Proposed Company Law Amendment May Force Large FDI Firms to Go Public

The government has proposed major changes to Nepal’s corporate sector by making it mandatory for foreign direct investment (FDI)-based companies with investments of Rs 500 million or more...

Read more

Bird Flu Detected in 82 Locations Across 11 Districts; Kathmandu Valley Emerges as Hotspot

by CEO Tab
June 24, 2026
0
Bird Flu Detected in 82 Locations Across 11 Districts; Kathmandu Valley Emerges as Hotspot

Bird flu has been confirmed in 82 locations across 11 districts of Nepal, with the Kathmandu Valley emerging as the country's main hotspot, according to the Department of...

Read more

Government Considers Allowing Companies to Issue Shares Below Rs 100 Face Value

by CEO Tab
June 24, 2026
0
Government Considers Allowing Companies to Issue Shares Below Rs 100 Face Value

The government is considering a major reform in Nepal's capital market by allowing public limited companies to issue primary shares with a face value lower than the current...

Read more

Nepal Partially Reopens Registration of Public Transport Vehicles

by CEO Tab
June 23, 2026
0
Nepal Partially Reopens Registration of Public Transport Vehicles

The Department of Transport Management (DoTM) under the Ministry of Physical Infrastructure and Transport has partially lifted its indefinite suspension on the registration of public transport vehicles. According...

Read more

Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

by CEO Tab
June 23, 2026
0
Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

Nepal's total foreign trade increased by 14.78 percent during the first eleven months of the current fiscal year 2025/26 (2082/83 BS), reaching Rs 2.172 trillion, according to the...

Read more
Next Post
Bomb detonated at former communication Minister Baskota’s home

Bomb detonated at former communication Minister Baskota's home

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.