The 1st International conference on the medical & industrial potential of cannabis will be held Oct.22-24 in Tangier, Northern Morocco, with the participation of several leading foreign & Moroccan scientists, researchers as well as representatives of pharmaceutical companies.
The conference will look into the use of cannabis for medical purposes and the potential of cannabis industry and its impacts on local cultivators and producers.
The gathering comes after Morocco has legalized medical cannabis to improve the living conditions of the growers of this plant and protect them from drug trafficking networks.
The North African Kingdom has also set up a national agency tasked with buying the plant from farmers and selling it to pharmaceutical firms.
The UN has removed cannabis from the list of the most dangerous drugs in a move that acknowledges the medical benefits of the plant following a recommendation from the World Health Organization.
Several countries including, UK, Canada, Netherlands… and 23 of 50 states in America have permitted, under some guidelines, the use of cannabis for medicinal purposes.
The global cannabis market is estimated to be valued at $20.5 billion in 2020 and is projected to reach $90.4 billion by 2026, according to forecasts of industry experts.
The market is primarily driven by factors such as growing medical applications of cannabis and increasing legalization of cannabis. However, one of the restraining factors in the growth of cannabis market is complex regulatory structure to produce and use cannabis.