Morocco’s Cannabis Legalization Raises Concerns Over Drug Money Laundering

In the wake of this historic reform, the industry would have been approached by drug barons who would be multiplying contacts and calls with potential investors to embark on projects. The real objective would be money laundering, reports Assabah citing local sources.

The same sources indicated that the traffickers would actually want to take advantage of the new law in force on cannabis to launder the money they have earned, or that they intend to earn, with their activity. Some of these barons would have contacted foreign companies that specialize in the transformation of cannabis for legal use, it is specified.

The newspaper cites the example of another baron with dual Moroccan and Spanish nationality, who is considering fully financing a laboratory project dedicated to the manufacture of cannabis-based cosmetic products. The cost of the project, which will be carried out with specialized foreign laboratories, would reach several tens of millions of dirhams, the same sources confide.