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Sri Lanka's President Signals Shift Toward Cannabis Legalization

Source: From crisis to cannabis: Sri Lanka’s president surprises with pro-market pivot (2025-09-23)

Sri Lanka's President Ranil Wickremesinghe has unexpectedly indicated a move toward legalizing cannabis, marking a significant policy shift amid ongoing economic challenges. The president's comments suggest a potential new avenue for economic growth, as the country seeks to boost revenue through the regulated cannabis industry, which has garnered interest from local entrepreneurs and international investors. The announcement has surprised many, given the country's previous strict stance on drug enforcement. Experts believe this pivot could open up new markets and create jobs, but it also raises concerns about regulation and social impacts. The government is now considering the legal framework needed to support a legal cannabis industry, balancing economic benefits with public health and safety considerations.

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