Robert Raich, a Harvard graduate and former member of the California Attorney General’s Medical Marijuana Task Force joined Wasel & Wasel to support the new practice.
Lebanon is the world’s third-largest supplier of cannabis resin, or hashish, after Morocco and Afghanistan, according to the United Nations.
And with the global medical cannabis market expected to increase to as much as USD 60 billion by 2024, Wasel & Wasel took the decision to start providing the required legal services when it comes to Lebanon’s market.
Cannabis Harvest In Lebanon. A man shows a young girl how to cut plants with a sickle in a field of cannabis during the hemp harvest in the Bekaa Valley, Lebanon, 1985. pic.twitter.com/YluBt69MFO— CannaWorld (@cannaworldsite) October 24, 2020
To be clear- When #Lebanon legalized cannabis production for medical/industrial purposes yesterday, it did NOT legalize the current market (I.e the stuff you’re smoking.)
That has above 1% THC, (needed to get you high). The new law only legalized cannabis below 1%.— Timour Azhari (@timourazhari) April 22, 2020
The firm has had so far “over eight hundred notes of interest” and “is receiving inquiries from worldwide investors to enter the Lebanese medical cannabis market,” Mahmoud Abuwasel, the Managing Partner of Wasel and Wasel, revealed.
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The cannabis plant comes in many different varieties. For decades though, the US Drug Enforcement Administration (DEA) treated them all the same, classifying cannabis as a Schedule I substance. Schedule I drugs are considered to have “no currently accepted medical use and a high potential for abuse” and are thus illegal to produce or possess.
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