European Union (EU) officials hope to steer $610 million worth of investment projects toward Morocco to dissuade the country from growing marijuana, Reuters News Service reported on Tuesday.
Leaders and ambassadors from EU nations and Morocco established a joint “guidance council” to encourage funders to invest in the northern-African nation’s economy. Morocco presented 71 feasible projects that would help strengthen the country’s economy at the inaugural meeting. European leaders are hopeful that they can replace Morocco’s lucrative marijuana trade by stimulating the country’s tourism and agricultural industries.
Federal drug experts estimate that Morocco cultivates 150,000 acres of marijuana annually, the bulk of which is exported to Europe.
For more information, please call Allen St. Pierre of The NORML Foundation at (202) 483-8751.