Africa

Mon
18
Jun

These are the top 4 marijuana stocks with international expansion plans

As cannabis legalization spreads across the North American continent, industry insiders and pot stock investors alike look to diversify their portfolios in the global marijuana trade. With Canada on track to become the first G7 nation to legalize both recreational and medical cannabis nationally, overcrowding in the market is becoming an issue for stakeholders on all sides. It’s the reason why cannabis companies are starting to look for more opportunities internationally. These are the top four marijuana stocks with international expansion plans:

Thu
31
May

Global march continues as Canopy Growth moves into Africa

It’s become a cliche to mention how we are all connected on this earth and that our world continues to get smaller thanks to technology, but it’s the truth, and the cannabis industry is no different.

On one hand, cannabis reform movements were very insular, especially in the United States as arguments supporting legalization that appeal to voters in Oregon and California may not be as successful in other states.

Mon
21
May

Africa receives it's first medical marijuana dispensary

The first African medical marijuana dispensary has opened in Durban, South Africa. And while medical marijuana has yet to be legalized there, personal cannabis use is non-punishable, writes Calvin Hughes.

Mon
21
May

Zimbabwe government suspends cannabis farming licensing

Government has suspended the licensing and growing of marijuana — popularly known as mbanje.

Last month, President Emmerson Mnangagwa’s administration gazetted licence fees for those interested in growing cannabis (mbanje) for research and medicinal purposes.

This was seen as part of strategies to shore up revenue flows to the depressed fiscus.

The development, which had divided opinion in the hugely polarised southern African nation, had made Zimbabwe the second country in Africa to legalise cultivation of the plant after the tiny kingdom of Lesotho announced the continent’s first licence to grow cannabis legally last year.

Until now, it had been illegal to grow, possess or use cannabis in Zimbabwe, with offenders facing up to 12 years in jail.

Tue
08
May

What South African businesses need to know about cannabis oil

In March 2017, Justice Dennis Davis handed down a judgment in the Western Cape High Court that declared sections of the Drugs and Drug Trafficking Act, invalid and unconstitutional.

Specifically he took issue with the provisions that prohibit private and personal use of dagga at home as a violation of the right to privacy.

Mon
30
Apr

Zimbabwe just became the second country in Africa to legalize cannabis cultivation

The Zimbabwean government this week published a licensing regime that will allow the legal cultivation of cannabis, state-owned newspaper The Herald reported on Saturday

Growing mbanje, as dagga is commonly known in Zim, will be legal for research and medical use under the new regulations, Statutory Instrument 62 of 2018, "Dangerous Drugs – Production of Cannabis for Medicinal and Scientific Use Regulations".

Zimbabwe has been considering such partial legalisation for the last eight months.

Tue
06
Mar

Tilray begins exporting medicinal-cannabis extract to South Africa, taking B.C. marijuana to five continents

Tilray has added South Africa to the list of countries where it’s exporting made-in-B.C. medicinal cannabis and extracts.

“With this announcement, Tilray products are now available in nine countries on five continents,” the company’s CEO, Brendan Kennedy, said quoted in a media release.

“This export is another strategic milestone as we aim to build the world’s leading medical cannabis brand. We are encouraged by the evolving regulations pertaining to cannabis in South Africa and around the world and are pleased to make our pharmaceutical-grade products available to qualified patients in need in throughout the country.”

Fri
09
Feb

US Corp cashes in as Lesotho becomes the First African country to legalize Cannabis cultivation

Rhizo Sciences announces construction of 400,000 square foot export facility in Lesotho, Africa to meet growing international medical cannabis export demand.

Rhizo Sciences LLC, a Seattle, Washington based medical cannabis company today announced plans to partner with Medi Kingdom Holdings (Pty) Ltd to build the $50M medical cannabis export facility in Lesotho, Africa.

Mon
04
Dec

Tourists roll up for Morocco's cannabis trail

It may not feature in Morocco's official tourism brochures but cannabis attracts thousands of visitors a year to the North African country. At a hotel bar in the northern region of Ketama, German tourist Beatrix made no attempt to hide the joint she was rolling.

The 57-year-old said she had fallen in love with the area for "the quality of its hashish and the friendliness of its residents". Hassan, a 40-something sporting a conspicuous gold watch, said cannabis was "our main source of wealth".

Fri
17
Nov

Marijuana: The Congo's new cash crop

Before he started growing weed, Congolese planter Koti spent his days digging holes and tunnels, mining for morsels of gold. He would smoke weed — or bangi as he calls it — to overcome his fear of the darkness that he faced underground.

As a teen, he saw a tunnel collapse, trapping five fellow miners — only one was rescued. “It’s dangerous,” says Koti, of the illegal minerals trade that many eastern Congolese families depend on. “People were dying.”

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