Pakistan is setting up a regulatory body for the cannabis trade. The country aims to capitalize on the growing market for medical and industrial cannabis products. What Happened: Pakistan is establishing a legal framework for the cannabis trade following the government’s approval of the herb for industrial uses almost four years ago. The move is expected to boost the country’s foreign exchange reserves, reported Nikkei Asia on Monday. The new regulatory body, the Cannabis Control and Regulatory Authority, will be responsible for issuing licenses to growers and sellers, as well as designating r…