skip to Main Content
Africa Could Look to Cash in With Green Rush

Several African governments are considering tapping a lucrative natural resource.

More than 10,000 tons of cannabis are produced on the continent each year, according to a UN survey, which advocates believe could be worth billions of dollars in a rapidly expanding global market for legal weed.
African governments have not yet followed the trend of legalization seen in Europe and the Americas. But Lesotho’s recent announcement of the continent’s first legal license to grow marijuana is part of a wider shift toward more liberal policies.
From Morocco to South Africa, there is growing interest in cashing in on a valuable crop. But in each case there are unique challenges to face.

Lesotho

The tiny, landlocked nation has few natural resources. But Lesotho is a giant of the marijuana trade.
“Cannabis is grown almost everywhere in the country,” a UNESCO report found, noting the industry is a leading contributor to the economy in a country plagued by poverty. Much of this comes through illicit trade with Lesotho’s larger, richer neighbor, South Africa.
The government has now signaled its intentions to bring the business out of the shadows by awarding the first license for cultivation and sale to South African alternative medicine company Verve Dynamics.
However, no formal steps have been taken to legalize or regulate the vast network of existing farmers and traders. [Read more at CNN]
This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

Europe’s First Adult-Use Cannabis Market Confirmed With Luxembourg Permitting Household Cultivation And Consumption

LUXEMBOURG is to become the first European country to permit adult-use cannabis after the Government announced measures to permit households to cultivate up to four domestic plants. The announcement, earlier today, applies to to all citizens over the age of 18 with the new regulations also allowing for the sale and import of seeds. However,…

Scientists Develop Quick Test for Marijuana Use

FRIDAY, Oct. 22, 2021 (HealthDay News) — Researchers may be one step closer to developing the equivalent of a Breathalyzer for detecting marijuana use. In an early study, scientists found that their rapid test was able to reliably detect THC in people’s saliva in under 5 minutes. THC, short for tetrahydrocannabinol, is the active ingredient…

Adult Use Cannabis and The Workplace

New York Labor Law 201-D This document is intended to address some of the most common situations or questions in the workplace related to adult-use cannabis and the Marijuana Regulation and Taxation Act (“MRTA”). This document does not address the medical use of cannabis. For further assistance with New York Labor Law and the MRTA, please…

NY Cannabis Board Issues New Rules Allowing People To Grow Medical Marijuana At Home

New York’s Cannabis Control Board issued regulations Thursday to allow medical marijuana users and their caregivers to grow their own supply at home. The proposal, now open to public comment for 60 days, would permit the cultivation of up to six marijuana plants in a private residence. The regulation will take effect after the commentary…

More Categories

Back To Top
×Close search
Search