Cannabis industry plans for South Africa have stalled: how to get them moving again
The industry has the potential to create jobs, alleviate poverty and help reduce the extreme inequality in South Africa
The Conversation (UK)
Friday, March 24, 2023
Friday, March 24, 2023
The opportunity to commercialise the hemp and cannabis industry in South Africa is that it is a new, fast-growing, multi-billion dollar sector with local and international markets. The potential legal pharmaceutical market for hemp and cannabis in South Africa alone has been estimated at over R100 billion a year. But there are challenges. First, that the government fails to implement changes needed to ensure the sector grows in a way that benefits township and rural entrepreneurs farmers. The second is that, from mid-2022, small scale farmers farming cannabis promised to be issued with licences to farm legally. However, some farmers in the rural areas of the Eastern Cape are still waiting.
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