News:2025-08-13/Policy/sri-lanka-approves-first-ever-legal-cannabis-cultivation-for-export

NewsPolicy13 August 2025

Sri Lanka approves first-ever legal cannabis cultivation for export

Sri Lanka granted approval to seven foreign investors, selected from 37 applicants, to legally cultivate cannabis for pharmaceutical export under a Board of Investment project. Each investor holds a six-month temporary licence, must deposit $2 million with the Central Bank, and commit a minimum $5 million investment. Cultivation will take place on 64 acres in Mirigama under STF and police security. No part of the plant may enter the domestic market. The initiative aims to boost foreign exchange earnings.

Read the source report

PlaceMirigamaGampaha DistrictWestern ProvinceSri Lanka

Approximate location7.23, 80.12

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2025-08-13 Policy Sri Lanka approves first-ever legal cannabis cultivation for export Sri Lanka granted approval to seven foreign investors, selected from 37 applicants, to legally cultivate cannabis for pharmaceutical export under a Board of Investment project. Each investor holds a six-month temporary licence, must deposit $2 million with the Central Bank, and commit a minimum $5 million investment. Cultivation will take place on 64 acres in Mirigama under STF and police security. No part of the plant may enter the domestic market. The initiative aims to boost foreign exchange earnings. https://www.themorning.lk/articles/Kgody85OjqSyffMawSyg Sri Lanka Western Province Gampaha District Mirigama 7° 13' 48.00" N, 80° 7' 12.00" E event site