ECONOMYNEXT: Sri Lanka can stand up and resolve debt crisis by exporting cannabis oil instead of bending over to the International Monetary Fund and other creditors, lawmaker Diana Gamage appointed parliament to the SJB National List, but now supporting the ruling party told parliament last week during the budget debate …
“We should not beg and bend in two (inga kanna, dekata nemenna) before the IMF or other lenders,” Gamage told the court trying to prevent the SJB from expelling him, he told parliament.
“We can make billions by exporting CBD (cannabidiol) oil if we remove the legislation of the British era and allow cannabis to be grown commercially. This country has been independent for 73 years and we should not be under colonial law “.
It was a practical solution to the debt crisis and no zonking out was intended (being under the effects of drugs and alcohol).
“I’m not saying that the use of cannabis as an intoxicating substance is allowed,” he said. “These laws can be upheld. But we have to pass legislation banning this crop.”
Gamage said the IMF was not needed when Sri Lanka joined the cannabis cart.
If the law of the British era was removed under section 08 of the Ayurveda Act, the Ayurveda commissioner may allow the crop to be grown commercially for medicinal purposes.
“Our gods and nature have given us a commercial crop,” Gamage said. “The European Investment Bank has said global cannabis trade will grow by 1000 per cent in 10 years.
“In 2018 it was worth between four and five billion US dollars. In 2027 the cannabis trade will be worth 140 billion rupees. It is currently limited mainly to North America and Europe.
He said CBD oil was already being approved to treat various diseases. These include multiple sclerosis, posttrauma and also Dravet syndrome for children.
“We can make billions of dollars by exporting cannabis (CBD oil),” he said. “I hope this house removes this 19th-century British ordinance.”
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