Minister of Finance and Economic Affairs, Simplex Chithyola Banda has said that Malawi has potential to generate US$700 million a year from cannabis biomass.

The sentiment has been made today in the august house when the  minister was presenting the 2023/2024 Mid-Year Budget Review Statement.

He adds that Government is reviewing Cannabis Regulation Act of 2020 to allow the participation of local cannabis on the international market.

Meanwhile, Possessing the herb without permit is a crime in the country.