Morocco : Cannabis revenues may exceed those of agricultural products
According to studies carried out by the Ministry of Interior, the net income per hectare of cannabis could reach around 110,000 dirhams per year, which could exceed the income of all agricultural products in the Kingdom
Wednesday, May 5, 2021
Before the Committee of Interior, Local Authorities, Housing and City Policy, a summary of feasibility studies related to the legalization of cannabis found that the area planted has declined considerably since 2003, from around 130,000 hectares in the early 2000s to less than 50,000 hectares. According to the last national agricultural census in 2016, plots of less than one hectare represent about 80% of the total number of plots cultivated, and the average area per family is 1.25 hectares. The number of people practicing this still-illegal agriculture is estimated at around 400,000 people, or nearly 60,000 families, while the total annual income rose from around 5.3 billion dirhams (500 million euros) in the early 2000s to around 3.4 billion dirhams (325 million euros) today.
