Africa

Thu
05
Sep

Growing medical cannabis is helping Lesotho survive

Marakabei — Vast white greenhouses sit high up on the slopes of Lesotho’s Marakabei town, hidden from view. It’s not fruit or vegetables, however, growing under the 18 plastic covers, but thousands of cannabis plants.

The cannabis is grown legally by the Lesotho-based company Medigrow and is regulated by the government.

“We have three rows that contain 1,200 plants each. That’s 3,600 plants across the whole structure,” said Medigrow’s head of production Albert Theron, gazing proudly over the crop.

In 2017, the tiny landlocked kingdom of 2.1-million people decided to tap into the booming medical marijuana industry, becoming the first country in Africa to allow the cultivation of cannabis for medicinal purposes.

Thu
05
Sep

African foothold for U.K. entrepreneurs in Tandem with Aphria

With the backing of a Canadian cannabis giant two British entrepreneurs have established a new CBD production plant in Africa’s most developed cannabis nation.

Lesotho has a history of illegal cannabis production stretching back centuries and became the first African country to approve medical pot cultivation in 2017. Shortly after legalization Ontario-based Aphria launched a joint venture with U.K. extraction company Verve Dynamics. This JV, known as Cann Invest Africa, aims to export Lesotho CBD to global markets. 

Tue
03
Sep

This small African Nation is the key to tremendous growth for pot stocks

Getting in on the ground floor of a potentially revolutionary venture before it explodes is one of the best ways for pot stocks to grow. That growth may be all at once, or it may be slow and steady, but if the whole sector begins turning towards one trend or one factor that reliably leads to profit, the companies that established an early position in that factor will see the greatest benefit.

This is why Canadian companies are so well-positioned in the cannabis industry. Early legalization allowed corporations across Canada to become first-movers in a number of key markets.

Thu
22
Aug

The next leader in cannabis cultivation across the continent of Africa

Cannabis cultivation has the potential to help Africa advance in more ways than one, and with increasing legalisation across the world, the continent may unlock potential income.

Africa is emerging as a player in the medical cannabis sphere at a spectacular rate and for good reason. It has been estimated that the legal cannabis industry could be worth more than USD 7.1 bn (~€6.2 bn) by 2023 if legislation is implemented across the continent. Does this mean Africa will join other countries across the world in cannabis cultivation, business and conversation?

Mon
05
Aug

Global Cannabis Oil Market expected to exceed US$ 2,468 Million By 2025

Zion Market Research published a new 110+ pages industry research “Cannabis Oil Market by Type (Organic Cannabis Oil and Non-Organic Cannabis Oil) and by Application (Recreational and Medical): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” in its database. The global Cannabis Oil Market research report carries an in-depth fundamental framework of the market, which is derived from the analysis of data acquired through various sources.

Fri
12
Jul

Africa’s budding cannabis market

A valuable market is emerging as countries across the world legalise cannabis for medical and recreational use. Shoshana Kedem reports on the opportunities for growers and investors in Africa.

Cannabis has been employed in traditional African herbal medicine since time immemorial. Today, much of the world is playing catch-up.

The multi-billion dollar global cannabis industry is booming as companies cite the benefits of medical marijuana for treating pain and inflammation and possibly even soothing mental illness and addictions. The global legal cannabis market could be worth $272bn by 2028, according to the 2018 European Consumer Staples Report from Barclays. 

Thu
11
Jul

Countries where cannabis is legal (or decriminalized) – 2019 Travel Guide

Planning to travel abroad? Excited to try new, exotic weed? Pot definitely makes every trip better. However, buying weed in a foreign country can be risky and get you in a lot of trouble.

The so-called cannabis tourism has become the next big thing for weed lovers who want to enjoy their favorite herb in a new place without fearing any legal repercussions.

You may be surprised to hear that only two countries in the world completely legalized weed for recreational use, one of which prohibits foreigners from buying it.

So if you plan to travel, the first thing you should do is check the cannabis laws of your destination country.

Tue
02
Jul

The UN says this is the World's most popular recreational drug

Cannabis continues to be the people's substance of choice across the globe, writes Calvin Hughes.

Recreational drug use in general has been on the rise in recent years according to the United Nations' most recent World Drug Report. The number of people aged 15 to 64 who consumed recreational substances around the world in 2017 hit 271 million - up 30 percent from the numbers the UN reported in 2009.

Fri
28
Jun

UN World Drug Report 2019 now published with information on cannabis black & regulated markets

The United Nations World Drug Report has been released and it’s a big report with plenty of cannabis information, especially pages 9 thru
Fri
28
Jun

Global Cannabis Strategy Series: What are the key elements of a globalization strategy?

Canada’s first-mover status has helped the country emerge as the global leader in cannabis. Although, generally, Canadian companies have had success venturing south of the border, when push comes to shove, Uncle Sam’s message to Canadian cannabis companies has been less than welcoming, including imposing a travel ban on Canadians who are investing in the U.S. cannabis market. Elsewhere, Canada’s aspirations of global dominance can be advanced by winning the biggest global prize since the so-called California Green Rush: the European market.

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