Month Archives: December 2021

Cannabis

OPINION | Siseko Maposa: The complexities of SA’s cannabis policy – more integration needed
The delayed finalisation of the Cannabis Master Plan is hobbling the department of trade and industry's ability to expedite the commercialisation of this vital sector for rural livelihoods, writes Siseko Maposa.https://3802bd07c12ab4bf220ef13cd6b24a04.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html In July 2019, the cabinet decided that South Africa needed a national strategy to commercialise and develop an inclusive, sustainable, and globally competitive cannabis industry. In late August of 2021, the Department of Agriculture, Land Reform and Rural Development (DALRRD) stated that the Cannabis Master Plan was being considered at NEDLAC. As …
Growing

Cannabis market, exports ‘can revive economy’
The country’s cannabis industry has the potential to lift the economy from the brink of ruin, provided every effort is made to destigmatise the sector first, says Nqobile Bundwini, a lecturer at the University of Cape Town (UCT). South Africa’s cannabis sector is currently worth an estimated R28 billion.https://fe08fec365db2d00a04dd4d1f681ebef.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html As rampant unemployment, an escalating cost of living and dire socio-economic conditions continue to ravage South Africa, coupled with the result of an age-old stigma, the industry is not given the attention it …
Growing

SA firm aims high in budding cannabis industry with R300m investment from a US company
JSE-listed industrial cannabis investment business Labat Africa has announced that it has scored a R300-million investment from US company GR Global Ventures (GRGV).  "We are pleased to have a very high-quality, sector-focused, US-based institutional investment group as one of our key stakeholders. As Labat Africa continues to mature in the personal healthcare and industrial cannabis industries, a partner such as GRGV is a key component to supporting our winning efforts," CEO Brian van Rooyen said in a statement. https://24cc614a1835ee1c526b4e1b699d01e3.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html The black-owned cannabis holding group …
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