New York firm reveals plan to grow marijuana in Kenya

A man carries marijuana plants during a police raid on 10 hectares of marijuana plantation in Montasik, Aceh province in Indonesia on March 14, 2019. PHOTO | AFP

A New York-based company is claiming to have obtained a licence to cultivate marijuana on 500 acres of land in Kenya, bringing closer home the current global debate about regulation and control of the narcotic.

In a notice, GoIP Global Inc, which is listed on the OTC Markets of New York, told its shareholders that it has secured a permit to grow the stimulant on a 500-acre plot in Kenya.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.