Zimbabwe Hemp Industry – Business Plan Templates

Zimbabwe aims to make agriculture an $8.2 billion sector, accounting for at least 20% of GDP by 2025. The sector grew by 36.4% in 2021, resulting in a gross value close to $8 billion. That same year, Zimbabwe’s economy grew by 7.8%, and this growth was largely driven by the growth of the agricultural sector.

Population 2024 (m)	16.95
GDP 2023 (US$ b)	28.88
Arable land (million ha)	4.13
Source: World Bank, ITA

Zimbabwe decriminalized hemp growing in 2018 and in February 2019, harvested their first crop of legally grown industrial hemp. The industry regulations were released in October 2020. A total of 57 licenses were issued to both foreign and local enterprises.

Africa Hemp CBD Industry

In 2022, the Medicines Control Authority of Zimbabwe (MCAZ) announced a change in a recent circular opening up the domestic market for CBD as a traditional herbal medicine, expanding on previous laws that only allowed production for export.

Amended legislation in 2023 removed industrial hemp from the country’s list of dangerous drugs and set the defining limit between marijuana and hemp at 1.0%.

The recent Industrial Hemp Overview report prepared by the Agricultural Marketing Authority highlights significant progress in the industrial hemp sector in Zimbabwe. From 21 registered participants in the 2020/21 farming season, the number grew to 42 the following year, rising to 61 for the 2022/23 season.

Africa Hemp CBD Industry Infographics

Pitch Deck Sample for a Hemp Cultivation and Processing Business in Zimbabwe

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'70% ready to go' business plan templates

Our hemp/CBD financial models and business plan templates will help you estimate how much it costs to start and operate your own hemp/CBD business, to build all revenue and cost line-items monthly over a flexible seven year period, and then summarize the monthly results into quarters and years for an easy view into the various time periods. We also offer investor pitch deck templates.