Africa

Thu
23
May

The African cannabis market is poised to reach $7.1 billion within four years

Cannabis is distancing itself from its former days of prohibition and people are enjoying legalization – both medically and recreationally throughout North America and Europe. But what’s been going on in Africa?

Mon
20
May

Seven reasons why policymakers should be cautious when legalizing marijuana in Africa

Legal Marijuana is lucrative enough to write off Africa's debt in a decade, however, it will come with a cost. Here's why.

Capitalists are quick to point out the economic benefits of a viable business, its contribution to the GDP in excess of billions of dollars on the continent. Legal Marijuana in Africa shouldn't however be all about its attendant economic gain, but its impact on the social well being of the people. Here are seven reasons Cannabis Market is undesirable in Africa:

1. Outlawing sales despite abuse 

By the time Cannabis dealers get unhindered access to the international market and realize its lucrative nature, it will be impossible to outlaw its sales despite the abuse.

Tue
14
May

Nations going to pot: Where cannabis is legal around the world, and where it isn’t

Check out the interactive map here.

Canada, the second nation to legalize recreational marijuana after Uruguay, appears to have had a global impact as more nations come on board.

New Zealand plans a referendum on legalization during next year’s election and Mexico also appears headed that way.

Luxembourg is poised to become the first European country to legalize recreational marijuana, and South Africa is moving in that direction. Israel’s Parliament approved a law allowing exports of medical marijuana. Thailand legalized medicinal use of marijuana, and other Southeastern Asian countries may follow South Korea’s lead in legalizing cannabidiol, or CBD

Thu
09
May

The African cannabis market could reach $7.1B by 2023

In the global cannabis landscape, Africa is an overlooked market. This is due to a number of factors, such as the illegality of the plant across the continent and the poor economic conditions that many African countries face.

Africa has the potential to become an enormous cannabis market due to the large population and favorable climate that makes growing weed easier than in neighboring Europe. A new report by Prohibition Partners suggests that by 2023, the African cannabis market could reach $7.1 billion.

Wed
01
May

Emerging markets - African countries exporting marijuana

African governments are considering ways of tapping into the lucrative marijuana market. According to a UN survey, more than 10 000 tons of cannabis are produced on the continent each year, which could be worth billions of dollars in a rapidly expanding global market for legal cannabis.

Although African governments have not yet followed the trend of marijuana legalisation seen in Europe and the Americas, legitimate marijuana production for medicinal and industrial use is taking off. For instance, Lesotho is the continent's first country to offer legal licences to grow marijuana, signalling a shift towards more liberal policies.

Tue
23
Apr

Rastafarians demand legalisation of weed

Ganja Users of Namibia (GUN) and scores of Namibian Rastafarians on Saturday protested against the prohibition of cannabis, appealing to Namibian authorities to emulate South Africa and other countries that have decriminalised the recreational and other use of dagga.

The demonstration which took place at B1 shopping centre to the Angolan Embassy was attended by hundreds of Ganja users and Rastafarians grieving and chanting for the legalisation of the herb.

Thu
18
Apr

These are the Countries most likely to legalize weed next

In October 2018, Canada became the second country after Uruguay—and the first G7 nation—to legalize the recreational use of cannabis. Led by Prime Minister Justin Trudeau, politicians took the plunge largely to reduce underage access to weed.

So who's next? To formulate some well-educated predictions, we spoke to an ace team of weed experts who have been on the frontline of reform, from region to region, for decades. Come with us as we peek into our bud-crusted crystal ball:

Wed
03
Apr

Marijuana oil market 2019 outlook and new growth opportunities to 2025

Marijuana Oil Market 2019-2025 report supplies an analysis of the competitive picture and greatest players from the regional industry. On the competitive landscape, the global Marijuana Oil market report consists of complete profiles of key market players, product information, capacity, sales and share by gross profits supplied for improved understanding.

Additionally, global Marijuana Oil market forecast significantly underlines important segments for example types, significant improvements, forcing reliant on metropolitan areas, key businesses, and inventions. The Marijuana Oil report also provides estimations of revenue and development rate on each industry section.

Thu
28
Mar

Hoban Law to take the lead on hemp policy & regulation in Africa?

New Frontier Data say that they  recently presented preliminary findings to the Zimbabwean government while working in collaboration with other regulators in the region to finalize what will be the first “rigorous assessments of both risks and opportunities of hemp cultivation in Africa.”

New Frontier data’s press release goes on to say

The ICA’s invitation-only event brings together industry leaders across the Nine Foundational Pillars of new cannabis markets, to share lessons learned and best practices with regional government officials and stakeholders. 

Fri
22
Mar

Africa’s legal cannabis market could be worth over $US 7.1 billion annually by 2023 – Report

Africa’s legal cannabis industry could be worth more than $US 7.1 billion annually by 2023 if legislation is introduced in a number of the continent’s major markets, European-based market intelligence and strategic consultancy firm Prohibition Partners has found in its latest report, released today.

The African Cannabis Report™, published today, finds that countries across the continent could generate significant economic benefits through the development of legal cannabis markets.

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