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South Africa: Cannabis Master Plan - the Search for the Pot of Gold
Daily Maverick, 27 June 2021
Cannabis Master Plan is out; hopefully legalisation drive won't go up in smoke. Read more »
Cannabis Master Plan to Be a Long-Term Boon for South Africa?
The legal global cannabis market and industry, led by nations such as Canada, are fast growing, and this is what South Africa should aspire to plug into, writes Ed Stoddard for Daily Maverick.
"The global medical cannabis industry is estimated to generate U.S.$82.9-billion by 2027. Amidst the Covid-19 pandemic, a new report expects Canada's recreational marijuana industry to double revenues this year and grow more than 500% by 2025," the report says. It says the size of the South African cannabis industry is estimated at U.S.$194 million. Interpol rates South Africa as the fourth-largest producer in the world.
Government's master plan intends to loosen restrictions on cannabis in order to commercialise the industry and promote economic development.
InFocus
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The Department of Agriculture, Land Reform and Rural Development (DALRRD) is on the verge of presenting a Cannabis Master Plan to the National Economic Development and Labour ... Read more »
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Black farmers are taking on the South African Health Products Regulatory Authority (SAHPRA) over the exclusion of indigenous people in the handing out of cannabis licenses. The ... Read more »
