By Tawonga Sesani
BLANTYRE-(MaraviPost)-Malawi President Lazarus Chakwera says extravagant cannabis license fees should be revised to allow Malawians to be involved in the production of the crop.
The remarks where made when he went for the 4th date with Members of Parliament (MP)’s in Parliament.
The Cannabis Regulatory Authority whose board President Chakwera instituted last year set about MK8 million for medical cannabis cultivation and about MK1.6 million for cultivation of industrial hemp.
Chakwera said Malawi can not allow citizens to be spectators of the cannabis industry hence the prohibitive fees should be reviewed.
“This is not just meant for those outside to come and invest and if there are fees that are high(prohibited) revisit them and make sure we pass laws that are good for Malawians and not just specific individuals,” said the president.
In response to how he will ensure that the budget formulation and ministries align themselves to the national agenda and vision, Chakwera said taxation measures that will be introduced in the next budget will focus on creation of wealth through incentives for production and on food security, creation of jobs through incentives for private sector.
