Sky Bridge Pharmaceutical LTD has urged Ghana’s government to invest in the cannabis industry as part of its policies to diversify the Ghana’s cash crops and generate revenue to support the economy.
The company said Ghana had one of the best climate in the world to cultivate cannabis and that the country had the potential to generate about $1 billion dollars from the $50bn dollars global cannabis market.
Dr Samuel Twumasi, Chief Executive officer, Sky Bridge Group, made the call at the launch of the Chamber of Cannabis Training Centre and Sky Bridge Pharmaceuticals in Accra, January, 18th 2025.
He said Ghana must leverage its cannabis resource for medicinal and industrial purpose following the passage of the Narcotics Control Commission Bill, 2023 that grants permission for the cultivation of cannabis for industrial purposes.
One can make not less than $10,000 from just one hectare of cannabis. This is a $50bn industry. If Ghana is able to make at least $1 billion annually from cannabis, you can imagine what that can do for our country. Cannabis will reset Ghana’s economy,” he said.
Dr Twumasi said the Sky Bridge Pharmaceuticals and the cannabis training center would equip farmers and processors with the tools and techniques to cultivate and process cannabis and hemp sustainably.
He said the Centre would also foster research and innovation to develop products that cater to global markets as well promote ethical practices.
Dr Samuel Twumasi, Group CEO, Sky Bridge Group, said the company’s decision to invest in the cannabis sector, was intended to produce world-class cannabis-based medicines that met the highest global standards.
By: Dan Kwasi Prince || Dailyviewgh.com
