Africa Needs Cannabis to Spark Economic Growth

In April 2018, Zimbabwe became the second African country to legalize cannabis for medical and scientific use. It joined a small group of pioneering African countries, the bulk of them in southern Africa, that have in recent years commercialized the crop or made great strides in that direction.


Exporting cannabis for medical use can lift status of millions

Will marijuana, like a lot of the region’s agricultural exports, get out of the continent as a primary product as investors and controllers of refining technology cream off the big bucks? Will fear triumph over logic as governments stick to old anti-narcotics control laws to lock citizens out of the value chain as foreign investors are licensed to set up weed farms for profit?

These are pertinent questions in light of the enduring inequalities that have kept farmers in perpetual poverty which appears to defy all interventions. Despite their thankless task of keeping nations fed, farmers remain so poor in Africa that in most places, they are derisively called peasants.


Marijuana: Africa could be the next giant cannabis grower in the world

South Africa is optimistic that it can bring cannabis to produce a million-dollar business as the countries fights for its legality.

Africa is getting ready to take over the world of cannabis farming as its several countries fight for the legality of the leaf drug.  For years, Africa had domesticated cannabis for a lot of reasons.

Smoking pots have been traced back to the 14th-century pipes. Ethiopian pipes are among the most common sources of cannabis trackings. However, with the church’s accession in colonial times, cannabis was banned.


Things are going swimmingly at lucrative new locale in Lesotho: Halo Labs

Halo Labs Inc., a producer of cannabis oils and concentrates, said it expects its first harvest of cannabis in Lesotho, Africa, to be completed ahead of schedule.

The company signed a definitive agreement to buy Bophelo Bioscience in November, giving it access to one of the largest African licences, in terms of land, in Lesotho. In an operational update, the Oregon-based Halo noted that Phase 1 is going well.


Foreign assets could be next on the block for cash-hungry cannabis companies

Two years ago, Canadian cannabis companies were racing to scoop up international assets, from swaths of fertile land in southern Africa to cultivation licences in Jamaica and everything in between.

Now, with fears of a cash crunch looming over the industry, some of the same producers who spent tens of millions to build an international presence have started dialling back, putting projects on hold or divesting of their foreign operations altogether.

And it’s a trend that some pot analysts expect will only intensify over the next 12 months.


Africa: Hurdles and handicaps on the road to mass cannabis farming

It will be a while before Africa can adopt cannabis farming en mass because of regulatory, infrastructural and market handicaps.

Various industry analysts say getting legislators to approve cannabis growing by peasants is a major hurdle in the conservative African society where marijuana is associated with delinquency and depression.

Cannabis farming has already proven problematic in North America despite the market being more mature than Africa, according to the African Cannabis Report by Prohibition Partners, which tracks the sector.


A Tiny African Kingdom Wants to Export Its Cannabis to the World

Kekeletso Lekaota spends her work days nurturing rows of cannabis plants for harvest. Pruning a few yellowed leaves from stems with thick, flowering heads, she says the job requires a soft touch and delicate hands.


African cannabis is overlooked, but it’s a multi-billion-dollar-market

Africa is not usually front of mind when talking about the burgeoning cannabis market, but according to experts it offers a multi-billion-dollar opportunity for industry players.

The UN estimates Africa sits only behind North America as a cannabis producer and consumer.

Over 38,000 tonnes of cannabis is produced annually in Africa despite it being illegal in most countries.

Gradually the tide is slowly shifting and according to cannabis research firm Prohibition Partners the African cannabis market could be $7.1 billion by 2023.


Cannabis Production In Africa Could Help Local Communities While Rewarding Investors

Read entire article here.

After centuries of different roles, cannabis is poised to take on a new and important purpose in Africa.

The cannabis plant was probably introduced by early Arab or Indian Hindu traders and became an important subsistence crop along with tobacco.

The plant has been long been used on the continent for fiber, rope, medicine, as well as religious and recreational purposes. Smoking pipes uncovered in Ethiopia and carbon-dated to around 1320 showed traces of cannabis.


With Israel as partner, Africa can turn cannabis into an economic game changer

Africa is asserting itself as a high-potential emerging region for large-scale cannabis grow operations. With South Africa leading the continent’s entry into the market along with the Kingdom of Lesotho and Zimbabwe, savvy investors are jockeying for position. But the future health of the African cannabis industry faces several challenges: maintaining consistent, sustainable product quality, overcoming regulatory uncertainty and promoting social justice are long-term considerations that should inform current decisions.


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