Lesotho

Fri
11
Oct

The great race to become the World’s weed supplier

Companies vying to be the biggest cannabis producer in America or Canada are wasting their time and suffering from a crippling lack of vision. The real play is to make a bid to become the worldwide leader in global cannabis exports — like firms in Jamaica and Lesotho as well as Canada are attempting to do — and the window of time to get in is closing fast, according to one entrepreneur with clear-cut plans to curb that market.

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.

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.

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
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?

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.

Wed
28
Nov

Marijuana, mountains and money: How Lesotho is cashing in

Lesotho is aiming to make money from the booming medicinal marijuana industry, but the BBC's Vumani Mkhize says the southern African nation already has an unheralded illicit trade in the drug for recreational use.

Green dust swirls around Mampho Thulo as she uses her hands to scoop dried marijuana leaves from a massive heap on the floor of her home into a big linen bag.

She has been cultivating the prized crop in her scenic village of Mapoteng for as long as she can remember.

Seventy kilometres (43 miles) north-east of the capital, Maseru, her land lies in a lush valley surrounded by the mountains that the country is well known for.

It is in this breath-taking scenery that people have been illicitly growing marijuana for recreational use for decades.

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.

Tue
13
Oct

African nations consider legalized marijuana

The cultivation and use of marijuana is rapidly rising across Africa as farmers, hit by low commodity prices, increasingly see the drug as a cash crop.

Pressure for legalizing marijuana is increasing in many African countries as legalized pot in the U.S. and Uruguay leads the way.

“At the moment, farmers choose to cultivate marijuana over traditional crops because it commands a far higher market price on the black market both at home and abroad,” Zambian Green Party President Peter Sinkamba told Anadolu Agency.

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