Africa

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.

Mon
24
Jun

Halo Labs to acquire Africa-based Bophelo Bioscience in $18.4m deal

US-based Halo Labs Inc. has entered into a non-binding letter of intent (LOI) for the proposed acquisition of Bophelo Bioscience & Wellness (Pty) Ltd.

The transaction is expected to strengthen Halo’s position in Lesotho, Africa, a country quickly becoming the continent’s export gateway to the global cannabis market. Lesotho is the first African country to grant medical marijuana licenses for cultivation and patient use and is making strides toward becoming the worldwide export hub for cannabis.

Thu
13
Jun

True Leaf announces first distribution agreement in Asia with Eagle Vet

True Leaf Brands Inc. (“True Leaf” or the “Company”) (CSE: MJ) (OTCQX: TRLFF) (FSE: TLA), a leading global cannabis and hemp wellness brand for pets, announced that on May 23, 2019, it signed a non-binding Memorandum of Understanding (“MOU”) with international pet care distributor Eagle Vet, launching True Leaf’s expansion into the Asian market.

Tue
11
Jun

Tokyo Olympics next year: Faster, stronger, but not higher

The famous Olympic motto is Faster, Higher, Stronger. Next year in Tokyo, it could be shortened to only "Faster and Stronger." Higher is out.

That was part of a warning on Tuesday from Toshiro Muto, the chief executive of the Tokyo Olympics.

Cannabis has been legalized in some parts of the world, but Muto reminded potential visitors to the games that the substance is against the law in Japan.

Muto said at a news conference that at least one member of the executive board brought up the issue at a meeting.

Tue
11
Jun

Uganda poised to become Africa’s next cannabis powerhouse

Uganda, fertile and sun-drenched, is harboring dreams of becoming the next cannabis hotshot of the African continent. Foreign capital has been flowing in to launch the new industry. So, much hangs in the balance as the country’s cabinet weighs changes to the criminal code allowing cultivation to proceed.

There appears to be a tension between the lure of a lucrative new agro-export sector and a conservative political culture in a traditionally authoritarian country.

Thu
06
Jun

Ethiopian hemp industry could be worth $10 billion

Cannabis and hemp in Africa are big business, and that could be great news for a continent that struggles to feed its people.

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