First Reading Approved for Bill Allowing Production and Sale of Industrial Hemp

The National Assembly of the Republic of Armenia has approved on first reading the government's draft law that permits the production and sale of industrial hemp.

The package of draft laws concerning amendments and additions to the law on "Narcotic Drugs and Psychotropic Substances" received 72 votes in favor, 1 against, and 6 abstentions during the parliamentary session.

This approval will enable the production, import, export, and wholesale trade of industrial hemp. Industrial hemp is intended solely for agricultural and industrial purposes.

The cultivation of industrial hemp includes the growth of the plant and the processing of its green mass and flower heads, resulting in the extraction of cannabidiol oil. Cannabidiol oil has a wide range of applications in cosmetic production as well as in the medical field.

The production, import, export, and wholesale trade of industrial hemp will be classified as a licensed activity, with licenses being granted for a period of up to 10 years, and a state fee being established.