6 Million US Dollars to Legally Grow Cannabis in Uganda

General discussion about cannabis and coffeeshops.
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Kidete
Posts: 3
Joined: Sat 2nd Jan 2021 10:22 am

6 Million US Dollars to Legally Grow Cannabis in Uganda

Post by Kidete »

After a series of parliamentary debates and meetings with lobbyists, the Ugandan government approved laws for medical cannabis production. Any licensed grower that plans to set up shop in the pearl of Africa – a nickname coined by Winston Churchill, has to pay $1,000,000 to acquire a license. The government also expects each interested party to have at least $5,000,000 in the bank as reserve capital.

Here's the post where I found the information. Do you guys think it's expensive or a fair price?

https://eastafricagenes.blog/2021/01/05 ... in-uganda/


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RoMoney
Posts: 1031
Joined: Thu 26th Oct 2017 10:58 pm
Location: EU

Re: 6 Million US Dollars to Legally Grow Cannabis in Uganda

Post by RoMoney »

I wasn't sure about this, so I went to google for help. That seems like a lot of money in Uganda, the big question would be, could you export your product? If you could export maybe it's not a lot.

GDP Per Capita:
Uganda: 642.78 USD (2018)
Ireland : 78,806.43 USD (2018)
Spain: 30,370.89 USD (2018)
Bring back Imelda Marcos!
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