Matooke Republic
Saturday, May 10, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Israel-linked Ugandan company seals Shs600 billion deal to export medicinal marijuana to Canada and Germany

William Kasoba by William Kasoba
April 23, 2019
in News
Reading Time: 3 mins read
Share on FacebookShare on Twitter

Despite the controversy over whether or not government has really licensed an Israeli firm to grow and export medicinal marijuana, Matooke Republic has learnt that an Israeli-linked company (Industrial Hemp [U] Ltd) is to start exporting medical marijuana in June this year. Industrial Hemp (U) Ltd will be supplying the marijuana to Canada and Germany in fulfillment of a contract worth Shs600 Billion (USD 158 billion), set to run over 10 years is .

“We signed annual supply contracts with pharmacies in Canada to a tune of $100m (Shs371.8 billion) and €58m (Shs242.3 billion) for Germany… the current contracts run for 10 years but along the way, we shall expand to satisfy future demand,” says Mr. Benjamin Cadet, one of the directors at Industrial Hemp (U) Ltd, a private firm jointly working with an Israel company.

Cadet says marijuana is not totally disadvantageous as people think, he says it has a lot of medical values and can be of benefit if lawful regulations are put in place.

RELATED POSTS

How to transfer your voting location

Why displaying the National Voters Register matters

“People are using morphine, the main component of opium, as an analgesic for cancer pain. Opium is an Opioid and more addictive and with side effects yet Cannabinol (CBD) from medical marijuana is the best option for such patients…Cancer patients are using CBD illegally. We have the scientists and the technology to do this but regulations are not in place to allow cannabis drugs be manufactured for domestic consumption,” he said.

However, the source revealed that although the contract is still being fulfilled, a five-member Cabinet sub-committee chaired by the Prime Minister Dr. Ruhakana Rugunda alongside Health minister Jane Ruth Aceng, Trade Minister Amelia Kyambadde, Finance Minister Matia Kasaija, Agriculture Minister Vincent Ssempijja and Internal Affairs Minister Gen JejeOdongo, are today set to discuss the dangers and benefits of medical marijuana.

The Cabinet sub-committee was tasked to look at the health and financial benefits from medical marijuana, one of the money-spinning, but highly sensitive ventures. The committee is expected to table its findings to 

This will determine the fate of the over 20 companies that have already sent letters to Health Minister Dr. Aceng requesting to grow marijuana for medical purposes.

The First Lady and Education minister,Ms Janet Museveni has previously gone on record called the cannabis deal “satanic,” other ministers such as Dr Chris Baryomunsi, Dr Elioda Tumwesigye, Gen Kahinda Otafiire and Mr Hilary Onek have argued that Cannabinoids — the active chemicals in medical marijuana — are similar to chemicals the body makes that are involved in appetite, memory, movement and pain.

Since the story of Uganda growing and exporting medicinal marijuana broke, it has emerged that on December 7, 2017, Uganda exported unrefined cannabis buds/ flowers to South Africa’s National Analytical Forensic Services in Pretoria.

We have also learnt that so far, 20 companies have sent letters to Dr. Aceng requesting to grow marijuana for medical purposes. These are the 20 firms:

1.Industrial Hemp (U) Ltd 
2.Together Pharma Ltd 
3.Natgro Phama (U) Ltd
4.Medraw (U) SMC Ltd
5.Urban Properties (U) Ltd
6.Prime Ranchers
7.Silver Seeds (U) Ltd
8.Dave and Dave Group
9.Seven Blades
10.Cannops Africa
11.Quest Worths International Group
12.Premier Hemp (U) Ltd

Related

Tags: MarijuanaMarijuana in UgandaMedical Marijuana
Share4Tweet2Send
William Kasoba

William Kasoba

Related Posts

Minister Kahinda Otafiire appearing before the committee on Friday.

Minister Otafiire advocates for medical use of marijuana and miraa

by Matooke Republic
2 years ago

...

Police explain why they will continue to pursue people who are found growing marijuana, miraa despite court’s ruling

by Matooke Republic
2 years ago

...

Court nullifies law prohibiting use of marijuana, miraa

by Matooke Republic
2 years ago

...

Mike Tyson accepts Malawi’s invite to become country’s marijuana ambassador

by Trevor Taremwa
3 years ago

...

UN removes marijuana from list of most dangerous narcotic drugs

by Matooke Republic
4 years ago

...

Next Post

Ugandans comment on Uganda Airlines revival: “In the 1970’s Uganda Airlines' first plane had a capacity of 140-219, in 2019 we are welcoming a Bombardier CRJ 900 with a capacity of 76-96 passengers

Swangz Avenue to venture into African movies

RECOMMENDED

UBL to celebrate World Whisky Day with a Singleton Fine Dining experience at Hiro Restaurant

May 9, 2025

How to transfer your voting location

May 9, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Afande Sam Omara.

    Battle-hardened retired police officer Afande Sam Omara is dead

    65 shares
    Share 26 Tweet 16
  • Suspended Police Commander found dead in septic tank at his residence in Kyengera with a rope around his neck

    56 shares
    Share 22 Tweet 14
  • Rajiv Ruparelia’s weeklong wedding on in London  

    85 shares
    Share 34 Tweet 21
  • Tycoon Sudhir Ruparelia gifts son Rajiv a McLaren 765LT Spider valued at about Shs1.7 billion

    85 shares
    Share 34 Tweet 21
  • How to apply for Digital Number Plates for New Vehicle Registrations

    319 shares
    Share 128 Tweet 80
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.