Nepal buy marijuana
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Nepal buy marijuana
Five decades ago, Nepal banned cannabis. But with the introduction of a new initiative, the country has decided to reverse this stance, at least in the medicinal realm. Last Tuesday, Finance Minister Barha Man Pun announced the upcoming legalization of medicinal cannabis cultivation and use. In March , Sher Bahadur Tamang had already proposed a bill to legalize cannabis in the Himalayan nation. Authorities will need to define the parameters of cannabis legality. Tamang's project includes provisions for farmers to obtain cultivation licenses and for sales to be controlled through authorized medical companies and export agents. While it is still unclear when these measures will be implemented, the announcement itself signifies a significant step forward in securing rights for cannabis users in Nepal. This article is from an external unpaid contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy. Benzinga does not provide investment advice. All rights reserved. Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about. Want to understand what this means for the future of the industry? Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. Get your tickets now before prices surge by following this link. My Account My Account. Benzinga Edge. Benzinga Research. Log In. Our Services. News Earnings. Insider Trades. Markets Pre-Market. After Hours. Binary Options. CME Group. Global Economics. Real Estate. Penny Stocks. Digital Securities. Ratings Analyst Color. Price Target. Ideas Trade Ideas. Long Ideas. Short Ideas. From The Press. Jim Cramer. Whisper Index. Stock of the Day. Best Penny Stocks. Best Swing Trade Stocks. Best Blue Chip Stocks. Best High-Volume Penny Stocks. Best Stocks to Day Trade. Best REITs. Money Investing. Personal Finance. Startup Investing. Real Estate Investing. Prop Trading. Credit Cards. Stock Brokers. Cannabis Cannabis Conference. Free Benzinga Pro Trial Calendars. Analyst Ratings Calendar. Conference Call Calendar. Dividend Calendar. Earnings Calendar. Economic Calendar. FDA Calendar. Guidance Calendar. IPO Calendar. SPAC Calendar. Stock Split Calendar. Free Stock Reports. Trade Idea Feed. Analyst Ratings. Unusual Options Activity. Free Newsletter. Government Trades. Most Shorted. Largest Increase. Largest Decrease. Margin Calculator. Forex Profit Calculator. Recent Markets. May 30, PM 1 min read 1 Comment. Photo: Shutterstock This article is from an external unpaid contributor. Posted In: Cannabis Markets Nepal. Benzinga simplifies the market for smarter investing. Join Now: Free! Already a member? Sign in.
Is Marijuana Legal in Nepal?
Nepal buy marijuana
Shanti Ryle Content Writer. Cannabis has been illegal in Nepal since the mids when the Narcotic Drugs Control Act explicitly banned its medicinal use. However, the law does make exceptions for medically required quantities of cannabis in the production of medicine if the government of Nepal deems it necessary — though the qualifiers crucial for such status are unclear. In recent years, Nepal seems to be turning a new leaf. In , the government proposed a private bill to partially legalize the plant, though changes in government have paused progress. Cannabis sativa has grown in the wild in Nepal since prehistoric times, and locals have considered it a gift from the gods for thousands of years. Nepali cannabis was available cheaply on Freak Street so-called for the odd long hair of foreign hippies in Kathmandu, and poor farmers relied on home marijuana cultivation for personal, industrial, and livelihood use. The new law defined both cannabis and medicinal cannabis as narcotics and declared any cultivation or use thereof illegal. As Nepal is heavily influenced by Hinduism, the country has a long history of cannabis use in Ayurvedic medicine, and bhang an edible cannabis-based product made from the leaves, stems, and flowers of the female cannabis sativa plant may be available in some regions during holidays such as Holi. Despite these factors, cannabis is still illegal in the country. Legalization in Nepal would unlock a cash crop for the country, bringing in helpful revenue in the wake of the pandemic. You cannot access medical or recreational cannabis in Nepal. Similarly, you cannot bring it into the country. However, the government of Nepal allows itself or any institution operating under its supervision to obtain special cannabis cultivation and production licenses for scientific research persons. Fines and incarceration time increase on subsequent offenses, and those caught cultivating or possessing with the intent to sell face more severe penalties. CBD and hemp are not considered different from any part of the cannabis plant and therefore, the law lumps them in as illegal narcotics. Cannabis cultivation is illegal in Nepal. Marijuana plants grow wild in many areas of the country, but anyone found cultivating or otherwise producing cannabis risks severe punishments. While sentiment about medicinal use is changing, cannabis is still very much illegal in Nepal. The government may establish new laws in the coming years, but the future of Nepal and cannabis is uncertain. Article written by Shanti Ryle Content Writer.
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