Medical cannabis Investors Decry Govt Slow legislative process
By Our Reporter
Investors with strategic interest in the planting of medical cannabis for export have expressed disappointment with government saying its continued foot dragging in enacting the enabling policy legislation might was not good enough.
The investors including the Ruparelia group are saying that government of Uganda should expeditiously work on the enabling policy environment in as far as the whole system of planting of marijuana for commercial purposes was concerned.
Rajiv Ruparelia who is the managing director of the Ruparelia group whose group was vested interests in this new emerging sector cautioned that short of working on the legal regime on time might compel them to move to other regional countries such as Rwanda who have already put in place the favorable legislation with clear investment guidelines.
THE LETTER FROM GOVERNMENT OF RWANDA
He observed that it was in their interest as new investors in this category of industry to put their boots on the ground within the country but however the unexplained delay to have the legal regime put in place first time was not working in their favour.
BIG TIME INVESTOR; Dr.Sudhir while stressing his points last week.
Rajiv together with his father Dr.Sudhir are reportedly very interested in sinking billions of dime into the planting the stuff on a large scale for commercial purposes given its potential ready market abroad like in the United States.
According to the Rwanda health minister Daniel Ngamigye,he reportedly explained how they are ready to work with whoever was interested in investing in the sector but came out with tough legal regime to that effect.