Press Release & Media Report Says The Hemp Association of Ghana (HAG) Signs Export Deal To Portugal

Press Release & Media Report Says The Hemp Association of Ghana (HAG) Signs Export Deal To Portugal

Ghanaweb reports……The Hemp Association of Ghana (HAG) has signed a deal with a Ghanaian-owned Cannabis business operator based in Portugal. The deal will gross a staggering $ 56 million in five years from merely cultivating and exporting industrial hemp from a land size approximating 100 acres. The deal will rake in around $2.8 million per harvest of HAG’s industrial hemp on the planned 100 acres. According to the partners, Industrial hemp has a 16-week maturity period, hence it can be planted and harvested around three or even four times a year in the sunny and tropical weather of Ghana. Each year’s harvest will generate $ 11.2 million for HAG. And by the five-year lifespan of the deal, HAG would have accrued over $ 56 million in revenue. Taxes to the Ghanaian government could gross over $ 10 million from just 100 acres of industrial hemp if the authorities evaluate the industrial potential of the plant taking the world by storm currently. Soringa TM, the Ghanaian-owned company is a supply facilitator for a mid-tier Cannabis Start-up in Portugal and a bigtime player in the Cannabis value chain in the United States of America (USA). The deal was consummated in Accra on…

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Source : CANNANNEW REPORT
Link to original : Press Release & Media Report Says The Hemp Association of Ghana (HAG) Signs Export Deal To Portugal
reposted by Cannabis News World

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