Africa

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Fri
31
Jan

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.

Fri
10
Jan

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.

Mon
23
Dec

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.

Fri
20
Dec

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.

Tue
17
Dec

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.

Thu
28
Nov

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.

Fri
22
Nov

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.

Wed
16
Oct

Europe could lose more ground in the medicinal cannabis industry

Europe is at risk of losing the market share to Africa in the medicinal cannabis industry, and Eco Equity have spotted the global potential.

There is a reluctance by some European policy and law makers to embrace the economic potential of medicinal cannabis and as a result they are seeing opportunities lost to more progressive markets. Europe could lose more ground following Lesotho and Zimbabwe’s decisions to allow cultivation of medicinal cannabis for mass export.

Wed
18
Sep

The African origins of cannabis culture and how it got to the U.S.

Did you know that the roots of today's cannabis culture can be traced back to the African continent from hundreds of years ago? According to Dr. Chris Duvall, author of The African Roots of Marijuana, the forgotten history of global cannabis culture continues to have contemporary influence, writes Timothy Harris

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.

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