News:2026-10-08/Policy/secp-and-ccra-sign-an-mou-requiring-a-ccra-no-objection-certificate-for-companies-with-cannabis-related-busine

News record8 October 2026Policy

SECP and CCRA sign an MoU requiring a CCRA no-objection certificate for companies with cannabis-related business objects

Bloom Pakistan reported on 8 October 2026 that the Securities and Exchange Commission of Pakistan (SECP) and the Cannabis Control and Regulatory Authority (CCRA) had formalised a framework for companies in the medicinal and industrial cannabis sector through a memorandum of understanding. Under it, a company proposing cannabis-related objects in its memorandum of association needs a no-objection certificate from the CCRA. A change in its principal business objects, directors or shareholding needs a fresh one. The SECP keeps corporate registration and the CCRA keeps sector licensing. The memorandum was signed by SECP Commissioner Muzzafar Ahmed Mirza and CCRA Director Asif Haroon in the presence of SECP Chairman Kabir Ahmed Sidhu and CCRA Director General Zafarullah Khan.

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Date8 Oct 2026

CategoryPolicy

CountryPakistan

AgencySecurities and Exchange Commission of Pakistan; Cannabis Control and Regulatory Authority

Coordinates33.70, 73.04

Coordinates are approximate.

Source report

2026-10-08 Policy SECP and CCRA sign an MoU requiring a CCRA no-objection certificate for companies with cannabis-related business objects Bloom Pakistan reported on 8 October 2026 that the Securities and Exchange Commission of Pakistan (SECP) and the Cannabis Control and Regulatory Authority (CCRA) had formalised a framework for companies in the medicinal and industrial cannabis sector through a memorandum of understanding. Under it, a company proposing cannabis-related objects in its memorandum of association needs a no-objection certificate from the CCRA. A change in its principal business objects, directors or shareholding needs a fresh one. The SECP keeps corporate registration and the CCRA keeps sector licensing. The memorandum was signed by SECP Commissioner Muzzafar Ahmed Mirza and CCRA Director Asif Haroon in the presence of SECP Chairman Kabir Ahmed Sidhu and CCRA Director General Zafarullah Khan. https://bloompakistan.com/secp-ccra-establish-coordinated-regulatory-framework-for-medicinal-and-industrial-cannabis-sector/ Pakistan 33° 42' 0.00" N, 73° 2' 24.00" E administrative seat Securities and Exchange Commission of Pakistan; Cannabis Control and Regulatory Authority